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Published · transcript-backed

David Rosenthal: uncertainty

18 Oct 2021 Acquired Standard Oil Part II

“The Supreme Court upholds the decision of finding against Standard Oil. They are indeed, in restraint of trade, and orders them—I don't know if it was the Supreme Court that ordered this remedy or if this was what had been ordered at the lower courts and they upheld it—to be irrevocably, cannot undo this, broken up into 34 separate companies, and it has to happen within the next six months.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
18 Oct 2021
Publisher
Acquired

Transcript context

…I'm not sure. I should know this as a child of two lawyers. Jenny's two parents are also lawyers. They'll be yelling at me listening to this. Anyway, Standard had lost every step of the way. Then the final appeal, of course, is to the Supreme Court. The Supreme Court upholds the decision of finding against Standard Oil. They are indeed, in restraint of trade, and orders them—I don't know if it was the Supreme Court that ordered this remedy or if this was what had been ordered at the lower courts and they upheld it—to be irrevocably, cannot undo this, broken up into 34 separate companies, and it has to happen within the next six months. It's a fast timeframe to be able to disassemble a company.…

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