Antitrust laws are regulations that encourage competition by limiting the market power of any particular firm and exist to protect consumers.
Antitrust laws stop many businesses from becoming monopolies. For example, antitrust laws would prohibit two companies with a 30% market share each from merging because they would become a monopoly. Another example would be antitrust laws that prohibit companies from colluding over fixed prices.
Acts like the Sherman Antitrust Act, the Federal Trade Commission act and the Clayton Antitrust act are in place to protect consumers. Those who broke these acts face heavy fines or even jail time.
If you find your business is not able to survive because another company is monopolizing the industry, or if you are a consumer that is paying more because one company is unfairly raising prices, you need to hire antitrust lawyers.
Antitrust violations can be difficult to prove and antitrust litigation takes time. You’ll need to show that one company is affecting not only you, but the entire market and is trying to run out all the other businesses. Finding an antitrust attorney who is an expert in antitrust laws and knows how to prove a violation will make or break your case.
Unlike securities class actions cases which had 433 federal class actions in 2019, Antitrust class actions cases are not as common. To learn more about antitrust law, watch the video above!