The Antitrust Laws

The Antitrust Division is responsible for enforcing federal laws pertaining to antitrust and competition. These rules forbid mergers and anticompetitive behavior that denies American workers, taxpayers, and consumers the advantages of competition.

Antitrust Laws
Antitrust Laws

The Sherman Antitrust Act

This statute forbids commercial conspiracies that excessively hinder trade. Agreements between rival businesses to rig bids, set prices or salaries, or distribute clients, employees, or markets are illegal under the Sherman Act. Private enforcement may be available for other arrangements, such as exclusive contracts that limit competition and may breach the Sherman Antitrust Act.

It is also unlawful to monopolize, conspire to monopolize, or make an effort to monopolize a market for goods or services under the Sherman Act. When one company controls a large portion of the market for a good or service and has done so through anticompetitive behavior rather than merit-based competition, it is said to have established an illegal monopoly. Offenses involving monopolization may face criminal or civil prosecution.

The Clayton Act

Antitrust Laws
Antitrust Laws

This legislation forbids purchases or mergers that might significantly reduce competition. Anyone thinking about a merger or acquisition that is larger than a specific size has to inform the Federal Trade Commission and the Antitrust Division of their intention to transact. The Clayton Act also outlaws various commercial practices that might undermine competition, such as exclusive agreements, connections that force a client to purchase more goods or services from a vendor, and holding directorships in rival companies.

In addition, the Act grants the United States the right to triple damages in cases where a breach causes harm to it.

Related Offenses

Antitrust Laws
Antitrust Laws

In order to combat illegal activities stemming from anticompetitive conduct, such as acts that compromise the integrity of an antitrust or related investigation, the Antitrust Division also pursues other federal statutes. Plans to defraud the United States, bribery, perjury, money laundering, kickbacks, and making false claims to federal authorities are a few examples of other charges.

Reference by

https://www.justice.gov/atr/antitrust-laws-and-you

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