Antitrust violations occur when there are actions that restrain business competition. Antitrust laws such as the Sherman Antitrust Act and the Clayton Act make it a crime to restrain interstate or foreign commerce and to have monopolies and anti-competitive agreements. Antitrust crimes can include predatory pricing (this occurs when a business sets an extremely low price on a product in order to stop any new suppliers from also entering the market) and price fixing (this occurs when competitors make agreements regarding the prices of products).
In the United States, the Federal Trade Commission and the Antitrust Division of the Department of Justice regulate and carry out antitrust laws. In the State of Florida, state attorneys can enforce both federal and state antitrust laws.
Some penalties for antitrust violations range from minor monetary fines (which would be a civil matter) to a maximum criminal imprisonment of ten years and a fine.
Call us today if you have been accused of violating any Antitrust laws. We can schedule a free consultation and work on defending your rights.
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