Antitrust class action lawsuits are a vital tool for consumers and businesses to challenge and seek redress for unlawful monopolistic practices and market manipulation. Our law firm addresses complex legal challenges with skills and determination.
What are the Antitrust laws?
Antitrust laws, also known as competition laws, are designed to maintain the integrity of economic markets by ensuring fair competition exists. These laws are critical in preventing the formation of monopolies and oligopolies that can dictate market terms and suppress competition.
The antitrust laws of the United States include:
These laws are enforced by government agencies like the Department of Justice and the Federal Trade Commission, and violations can result in both civil and criminal penalties.
What is an Antitrust Class Action?
A class action refers to a procedural device that allows one or more plaintiffs to bring forth a lawsuit against a defendant on behalf of a larger group, known as the class. When a settlement is reached or a judgment entered, any compensation received will be distributed to the class and the class representatives.
Antitrust class actions are lawsuits filed on behalf of a group—or class—of individuals or businesses who have suffered similar harm due to violations of antitrust laws. These laws are designed to protect trade and commerce from unfair restraints, monopolistic behaviors, and other practices that restrict competition.
What Are Common Antitrust Cases?
Some of the most common types of antitrust cases include:
Price Fixing: When competing companies agree to set prices at a certain level rather than competing with each other.
Market Division or Allocation Schemes: This occurs when competitors agree to divide markets among themselves, either by geography or types of goods/services, and not compete within each other’s designated market space.
Monopolization: When a company has a dominant position in a market and abuses that position to keep others from competing.
Bid Rigging: A form of fraud in which a commercial contract is preemptively promised to a party regardless of the bidding process.
Group Boycotts: When competitors in a market agree not to do business with a target to eliminate or punish a competitor.
The United States has some of the oldest and most well-developed antitrust laws, designed to promote fair competition for the benefit of consumers, prevent monopolies, and protect the market against unfair practices.
Contact Us to Protect Your Rights Against Unfair Competition
Antitrust laws exist to preserve the integrity of the marketplace. When these laws are violated, it’s not just individual consumers or businesses that suffer; the entire economy can be impacted. Our firm advocates for your rights under the law.
At McOmber McOmber & Luber, P.C. our knowledgeable legal team will diligently work with you throughout your antitrust class action case, leveraging their knowledge to represent you and secure the settlement that you deserve. With offices in NJ, PA and NY, we are ready to fight for your rights. Contact us today for a free consultation.