Antitrust lawsuits are based on a system of laws that prevents anti-competitive activity and unfair business tactics.
Free competition has always been the backbone of the economic philosophy of the US. Antitrust laws were specifically created to promote and preserve free competition. Over the years antitrust statutes were created as new laws were needed, but the language of these laws were so broad that the Federal Trade Commission (FTC) and other courts have interpreted and applied those laws in a very broad manner. This flexibility has sometimes made it very difficult for businesses to know when the law has been violated by certain business practices.
The four basic antitrust laws are the Sherman Act (1890), the Clayton Act (1914), the Robinson-Patman Act (1936) and the Federal Trade Commission Act. There are severe penalties for any violation of these antitrust laws. For example, it is a felony to violate the Sherman Act. Corporations may be indicted by the Justice Department, and charged substantial fines. Individual directors, officers or employees of a company that participates in the violation may be convicted (felony conviction), imprisoned, and charged with large monetary fines.
Civil damages, under section 4 of the Clayton Act, can be recovered by any person whose business has been damaged by any antitrust violation, and they can receive triple damages as well as the cost of the suit, including legal fees. In addition, each State’s Attorney General can file a class action suit for an antitrust law violation, which would provide on behalf of all consumers in the class action triple damages.
Antitrust laws came into being to encourage competitiveness in the marketplace. Here are a few important historic antitrust cases, and a few more recent ones for you to examine.
For more information, please see: https://en.wikipedia.org/wiki/United_States_antitrust_law
As you can see from the above examples, antitrust lawsuits can be expensive. We are here to provide loans to finance your antitrust settlement! Consumers are affected daily by antitrust laws, which ensure that you will reap the benefit of high quality products or services and competitive prices whether you are buying a car, downloading internet programs, or simply buying groceries. Antitrust laws foster and promote competition in the marketplace by fighting anti-competitive business practices and mergers.
If there were no antitrust laws, any competition to powerful organizations would not be possible. There would be “barriers to entry” for energy markets and telecommunications, plus these firms would impose unfair conditions and trade terms on all of their business partners. We are here to help you with early access to loans, and advance money to support your successful case. Our services are risk free, instant, and easy.
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