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Federal antitrust laws, as well as most state laws, provide for "treble" (triple) damages against antitrust violators in order to encourage private lawsuit enforcement of antitrust law. Thus, if a company is sued for monopolizing a market and the jury concludes the conduct resulted in consumers' being overcharged $200,000, that amount will ...
It is also known as antitrust law (or just antitrust [4]), anti-monopoly law, [1] and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. [5] The history of competition law reaches back to the Roman Empire.
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
DOJ's Apple antitrust lawsuit. The Justice Department sued Apple in March, accusing it of violating antitrust laws by illegally maintaining a smartphone monopoly. More than a dozen states have ...
The 88-page lawsuit, filed in U.S. federal court in Newark, New Jersey, said it was focused on “freeing smartphone markets from Apple’s anticompetitive and exclusionary conduct and restoring ...
The Department of Justice and 11 states filed an antitrust lawsuit against Google today following more than a year of overlapping investigations into the tech giant.
The third case cited to support the "anticompetitive effect" guideline ... asserting that the "meaning and purpose" of antitrust law is "the penalizing of ability ...
Ticketmaster and Live Nation want a judge to boot 27 states from the DOJ's antitrust lawsuit. The event goliath argued Wednesday that the states can't prove a direct injury to their residents.