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A federal statute approved by the President on October 15, 1914 to amend the Sherman Act. It seeks to prohibits price discrimination, tying arrangements, and exclusive-dealing contracts, as well as mergers and interlocking directorates which reduce competition. 15 USCA §§ 12-27.
Actions under the Clayton Act, 15 U.S.C. § 15, may be brought in federal court without regard to amount in controversy. See also Pub. L. 96-486, §§ 2(a), 4, 94 Stat. 2369-2370, 28 U.S.C. § 1331 (1976 ed., Supp. IV), and note following § 1331 (repeal of minimum amount in controversy for federal question cases pending as of date of enactment).
In the almost half century since Congress adopted the Clayton Act, the Supreme Court has been called upon to pass upon questions arising under § 3. Standard Fashion Co. v. Magrane-Houston Co., 258 U.S. 346 (1922), the first of the cases, held that the Act 'sought to reach the agreements embraced within its sphere in their incipiency, and in the section under consideration to determine their legality by specific tests of its own. . . .' At p. 356. In sum, it was declared, § 3 condemned sales or agreements 'where the ...
