John F. Ray, Sr. v. Indiana & Michigan Electric Company, an Indiana Corporation

Plaintiffs, residential purchasers of electric power in the Fort Wayne, Indiana area, brought suit against the defendant, Indiana & Michigan Electric Company (I&M), alleging that I&M’s acquisition of the City of Fort Wayne’s municipal utility (City Light) and subsequent actions by I&M violated the Sherman Anti-Trust Act, 15 U.S.C. § 1 et seq. (1975). After a bench trial, the district court entered judgment for the defendant, and plaintiffs now appeal that judgment. We affirm.

The lengthy facts in this case are cogently and thoroughly addressed by the trial judge, whose findings we adopt. See…