Antitrust is the area of law that seeks to preserve free competition in the marketplace and to protect consumers from unethical business practices. Competition in markets is good – it ensures that consumers in the United States are able to purchase goods and services at prices that are free of the influence of collusive or monopolistic behavior.
A set of federal statutes known as the Sherman Act outlaws all forms of collusive behavior including trusts, conspiracies, cartels, and market allocation arrangements. These provisions, along with the Clayton Act and several complementary state antitrust laws, allow consumers and businesses to recover damages for any injuries they can prove, sometimes up to three times the amount of the financial harm or loss depending on the specific law.
Companies violate antitrust laws by engaging in price fixing, bid rigging, market allocation, vendor lock-in, tying, collusion, and other actions intended to prevent competition by controlling the actions of certain industries in varying fields. They also break the law by taking part in predatory pricing, attempts to restrict competitors’ access to key distribution channels or raw materials, and attempts to tie products or services together to be sold only as a bundle.
Antitrust violations are serious situations that require the expertise of highly qualified attorneys proficient in federal laws and courtroom procedures. The lawyers at Sommers Schwartz have the confidence and capability to handle complex antitrust litigation in Michigan and across the country, with an unwavering commitment to preserve your rights and protect your business interests.
Sommers Schwartz’ is currently involved in a number of high-profile antitrust lawsuits:
- In Re Blue Cross Blue Shield Antitrust Litigation, MDL 2406 (N.D. Ala.), seeking to recover billions of dollars in damages for subscribers and providers who were injured by Blue Cross Blue Shield Association’s territorial licensing restrictions, which prevent the 38 member Blue Cross organizations from competing with each other for business.
- In Re Auto Parts Antitrust Litigation, MDL 2311 (E.D. Mich.), seeking to recover billions of dollars in damages for U.S. automotive parts suppliers who purchased components from over a dozen foreign suppliers who conspired to fix and artificially inflate the prices of their products.
If you believe that you or your company has been the victim of anticompetitive conduct, please contact Sommers Schwartz today – there’s a lot at stake, and we’re here to help.