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- There are three federal anti trust laws: the Sherman Antitrust Act, the Clayton Antitrust Act and the Federal Trade Commission Act. According to the U.S. Department of Justice, the Sherman Act concentrates on interstate trade, the Clayton Act outlaws mergers that will reduce competition, and the Federal Trade Commission Act addresses unfair competition.
- If companies break anti trust laws, they can face both criminal and civil penalties. According to LegalMatch.com, responsible representatives of companies that violate the Sherman Act can face up to $350,000 in fines and even prison time, and companies can be fined up to $10 million.
The Federal Trade Commission can order a violator of the rules of fair competition to stop its illegal practices. - Private parties also may bring lawsuits against companies that violate federal anti trust laws, if they are harmed by an anti trust violation. The Clayton Act allows plaintiffs to sue for triple damages, plus fees, according to the U.S. Department of Justice. Private parties can be either individual consumers or other businesses. According to the Clayton Act, anyone who thinks he was harmed by "anything forbidden in the antitrust laws" has grounds to sue. Price-fixing is an example. Most such lawsuits are class actions, in which groups of parties sue collectively.
U.S. Laws
Penalties
Civil Remedies
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