Simple English definitions for legal terms
Read a random definition: criminal instrument
Antitrust violations occur when companies break laws that protect fair competition in trade and commerce. These laws prevent companies from doing things like fixing prices, unfairly controlling the market, or discriminating against certain customers. Breaking these laws can result in both criminal and civil penalties, including jail time and large fines.
Antitrust violations occur when a company or organization breaks laws that protect trade and commerce from abusive practices. These laws are in place to prevent things like price-fixing, restraints, price discrimination, and monopolization. Violating antitrust laws can result in both criminal and civil penalties.
There are three key federal statutes in Antitrust Law:
Examples of antitrust violations include:
Violating antitrust laws can result in serious consequences. Criminal penalties can include up to 10 years of jail time and fines of up to $100,000,000 per violation. Civil penalties can include fines, injunctions, and other remedies.
Overall, antitrust violations are taken very seriously and are closely monitored by government agencies to ensure fair competition in the marketplace.