In its February 25 North Carolina Dental v. Federal Trade Commission decision, the Supreme Court held that a state regulatory board that is controlled by market participants in the industry being regulated cannot invoke "state action" antitrust immunity unless it is "actively supervised" by the state.
http://illinoisreview.typepad.com/illinoisreview/2015/04/does-antitrust-trump-state-regulation-the-supreme-courts-north-carolina-dental-decision.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fdlacomb%2Fillinoisreview+%28illinoisreview%29
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