Historical Events tagged with "rebates"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Crime & Law
Judge Landis Imposes Record Fine on Standard Oil
August 3rd, 1907 117 years ago
In a landmark case, Judge Kenesaw Mountain Landis fined Standard Oil of Indiana a staggering $29.4 million for illegal rebating practices. The company was accused of providing secret price concessions to freight carriers, undermining fair competition. This ruling marked a significant moment in regulating corporate conduct in the oil industry. However, the conviction and fine were later overturned on appeal, illustrating the complexities surrounding corporate law and regulation at the time.
Continue Reading