Mealey's Bankruptcy - High Court Won't Hear Case Involving Cross-Elasticity Of Supply

Mealey's Bankruptcy - High Court Won't Hear Case Involving Cross-Elasticity Of Supply

WASHINGTON, D.C. - The U.S. Supreme Court on Feb. 24 declined to review an 11th Circuit U.S. Court of Appeals ruling that affirmed the dismissal of attempted monopolization claims brought by the losing bidder in a bankruptcy auction of a steel mill's assets against the successful bidder, based on a finding that there was high cross-elasticity of supply, which deters monopoly pricing (Gulf States Reorganization Group, Inc. v. Nucor Corporation, No. 13-717, U.S. Sup.; 2013 U.S. Briefs 717; 2013 U.S. S. Ct. Briefs LEXIS 5120).

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