Both parties operated sawmills; Ross-Simmons was driven out of business by what it complained was Weyerhaeuser's attempted monopsonization of the market.
The theory was "predatory buying": a purchaser buys so much of a given raw material that it drives up the price and thereby excludes less pecunious rivals who depend on the same raw material.
The Supreme Court rejected the theory on a rule of reason analysis, noting that there are any number of legitimate business strategies that involve buying large quantities of raw materials.
The Court's decision symmetrized its case law, with Weyerhaeuser and Brooke Group Ltd. v. Brown & Williamson Tobacco Corp. applying identical standards to predatory buying and predatory selling claims respectively.
This article related to the Supreme Court of the United States is a stub.