When a cartel monopolizes a market, it acts like a bully— demanding unreasonably high prices for its goods or service. Since the cartel controls the market, you have no alternative but to pay the inflated prices. Often, these goods or services are integral to your own business. When the natural economic laws of supply and demand are restrained in this way, our economy (and your business) suffers.
Your recourse is the state and federal antitrust laws that were designed to protect you from these practices. Given their importance to the economic fabric of our nation, it’s no wonder the U.S. Supreme Court has described the antitrust laws as the “Magna Carta of free enterprise . . . as important to the preservation of economic freedom and our free-enterprise system as the Bill of Rights is to the protection of our fundamental personal freedoms.”
Antitrust violations include:
- An agreement by two or more competitors to fix the prices they charge for a product or service;
- An agreement not to compete for each other’s customers or business;
- A company’s unfair use of its monopoly power over a product or service;
- A company’s attempt to obtain monopoly power over a product or service; and
- Discriminatory pricing for a product sold in interstate commerce.
The antitrust laws permit people or businesses suffering antitrust injuries to recover three times their actual damages. The court can also enjoin defendants from continuing their unlawful behavior and order them to pay the victims’ reasonable legal expenses, including attorneys’ fees.
If you think you have been harmed by abusive pricing tactics or monopolistic conduct, please contact please contact Brian Penny or Mark Goldman to discuss the steps you might take to stop the illegal conduct and recover your losses.