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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 ...
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.
The antitrust laws allow coincident state regulation of competition. [32] The Supreme Court enunciated the test for determining when a state statute is in irreconcilable conflict with Section 1 of the Sherman Act in Rice v. Norman Williams Co. Different standards apply depending on whether a statute is attacked on its face or for its effects.
The U.S. Federal Trade Commission's merger-busting, antitrust enforcement powers are coming under threat as conservatives look to harness President-elect Donald Trump's support for limiting ...
WASHINGTON (Reuters) -A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine, the ...
Google’s app store practices violate US antitrust law and the search giant has illegally operated a monopoly in Android app distribution, a federal jury said Monday evening.
The Federal Trade Commission Act and both antitrust laws were created for the sole objective to "protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up."
A judge rather than a jury will decide whether Google violated federal antitrust laws by building a monopoly on the technology that powers online advertising. The decision Friday by U.S. District ...