Gordon v. New York Stock Exchange
United States Supreme Court
422 U.S. 659 (1975)
In 1971, Richard Gordon (plaintiff) brought suit against the New York Stock Exchange (NYSE) and several other exchanges (defendants), arguing that the fixed-rate commissions received by the NYSE and other exchanges violated federal antitrust laws. The district court upheld the fixed-rate commissions, stating that they had been in effect since the Securities Exchange Act of 1934 was enacted. The Second Circuit Court of Appeals affirmed. Gordon then petitioned for certiorari to the United States Supreme Court.
Rule of Law
Holding and Reasoning (Blackmun, J.)
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