In a 7-2 decision, the Supreme Court reversed an appeals court ruling allowing a class-action antitrust lawsuit against Verizon predecessor Bell Atlantic Co. and other Bell companies which alleged they conspired to not compete in each other’s territory. The Supreme Court basically said there was not enough evidence to support a collusion theory among the large telecom operators. Verizon and others were clearly pleased with the ruling. This ruling has repercussions beyond telecom, as evidenced by the many support briefs that were filed on Verizon’s behalf by non-telecom, but major, companies.
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