NESARA
The National Economic Stabilization and Recovery Act

Monetary and fiscal policy reform that will double the standard of living for every American
within one generation and restore economic and social prosperity across the land.

 
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Court Cases Cited Within This Web Site
Texas Industries, Inc. v. Radcliff Materials, Inc. 451 U.S. 630 (1981)
 

Both Texas Industries and Radcliff Materials manufactured and sold ready-mix concrete. A purchaser of concrete from Texas Industries filed suit in Federal District Court alleging that Texas Industries and certain unnamed companies were raising concrete prices in violation of the Sherman Act. The petitioner sought treble damages under the Clayton Act.

Texas Industries learned through discovery that Radcliff Materials was the alleged co-conspirator. Texas Industries filed a third-party complaint against Radcliff Materials, seeking contribution should Texas Industries be held liable in the original action. The District Court dismissed the third-party complaint for
failure to state a claim upon which relief could be granted, holding that federal law does not allow an antitrust defendant to recover in contribution from alleged co-conspirators. The Court of Appeals affirmed.

The Supreme Court affirmed the decisions.

In the case the Supreme Court stated that

There is, of course, “no federal general common law.” Erie R. Co. v. Tompkins, 304 U.S. 64, 78 (1938). Nevertheless, the Court has recognized the need and authority in some limited areas to formulate what has come to be known as “federal common law.” See United States v. Standard Oil Co., 332 U.S. 301, 308 (1947). These instances are “few and restricted,” Wheeldin v. Wheeler, 373 U.S. 647, 651 (1963), and fall into essentially two categories: those in which a federal rule of decision is “necessary to protect uniquely federal interests,” Banco Nacional de Cuba v. Sabbatino, 376 U.S. 398, 426 (1964), and those in which Congress has given the courts the power to develop substantive law, Wheeldin v. Wheeler, supra, at 652.

Full Text: Texas Industries, Inc. v. Radcliff Materials, Inc. 451 U.S. 630 (1981)

Court Summary List

 
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