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BANKAMERICA CORP. v. UNITED STATES

No. 81-1487.

462 U.S. 122 (1983)

103 S.Ct. 2266

76 L.Ed.2d 456

BANKAMERICA CORP. ET AL. v. UNITED STATES

Supreme Court of United States.

Decided June 8, 1983

Attorney(s) appearing for the Case

William Simon argued the cause for petitioners. With him on the briefs were John S. Kingdon, J. Randolph Wilson, William H. Allen, Virginia G. Watkin, Edward Wolfe, H. Helmut Loring, Robert D. Raven, William Alsup, Ira M. Millstein, and Richard E. Guggenhime, Sr.

Edwin S. Kneedler argued the cause for the United States. With him on the brief were Solicitor General Lee, Assistant Attorney General Baxter, Deputy Solicitor General Shapiro, Barry Grossman, Catherine G. O'Sullivan, and Geoffrey S. Stewart.*

CHIEF JUSTICE BURGER delivered the opinion of the Court:

The question presented is whether § 8 of the Clayton Act bars interlocking directorates between a bank and a competing insurance company.

I

In 1975, the United States brought these companion test cases (now consolidated) against 10 corporations and 5 individuals. The corporations were three banks and their three respective holding companies, and...

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