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The Clayton Antitrust Act was the first successful anti-monopoly legislation. By successful, it did not prevent monopolies completely, but at least had the support to be enforced. It, along with the Sherman Antitrust Act, would serve as the models for future legislation relating to monopolies.
Violations of the Sherman and Clayton Acts that prohibit restraints of trade of monopolies. In 1982, the U.S. Supreme Court decided that cities are not immune to antitrust laws. Exclusions for alleged violations should be avoided in the public officials liability policy. Links for IRMI Online Subscribers Only: PLI VII.E. Suggest an improvement or addition to the Insurance and Risk Management Glossary.