Manufacturers may set a fixed price for their products and forbid retailers from offering discounts, the Supreme Court said today, overturning a nearly century-old rule of antitrust law that prohibited retail price fixing.
The 5-4 ruling may be felt by shoppers, including those who buy on the Internet. It permits manufacturers to adopt and enforce what lawyers called “resale price maintenance agreements” that forbid discounting.
[Keep reading at the Los Angeles Times]
In what world does this judge live? If given a chance of course they’ll (manufacturers) will ream consumers. They won’t mind making more money. And having a dealer selling older models cheaper so that they can reduce inventory so they have room for newer will now be illegal. And most if not all internet stores will have issues, trying to “undercut” and grab buyers. Doing that will cause them to be sued by manufacturers. Sometimes…
I held back from making an idiocy category.
Tags: Economy, Interesting, Legal
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