Texaco Inc. v. Dagher

Summary

The Supreme Court held that it is not per se illegal under § 1 of the Sherman Act for a lawful, economically integrated joint venture to set the prices at which it sells its products. The Court reasoned that when competitors pool resources and share risks in a joint venture, they act as a single entity in the market and thus may set prices unilaterally. Justice Alito took no part in the consideration or decision of these cases.