The Supreme Court of the State of New York (‘New York Court’) ruled in favour of New York Attorney General in an antitrust case pertaining to the acquisition of Toggenburg Mountain (‘Toggenburg’) ski area by Intermountain Management, one of North America’s largest hotel management and development companies. The New York Court observed that Intermountain’s tactics, to pay a premium to purchase Toggenburg and shut it down shortly after, was designed to eliminate competition and create monopoly in the Syracuse-area ski market.
