By The Editorial Board, Wall Street Journal
Congress is gearing up to pass new antitrust laws that scrap the consumer-welfare standard that has long held sway under the law. The Supreme Court weighed in Monday with a timely reminder that courts still need to keep consumer benefit top of mind.
In NCAA v. Alston, current and former Division 1 football and basketball players challenged the National Collegiate Athletic Association’s rules that limit their compensation. The Sherman Act prohibits “contract[s], combination[s], or conspirac[ies] in restraint of trade or commerce.”