The Sherman Antitrust Act was approved July 2, 1890, and was the first federal act that outlawed monopolies. The Sherman Act and other federal laws were passed to keep business and competition fair for consumers and businesses.
Consumers have the right to purchase the best goods and services at the lowest price. Individuals and businesses rely on the competitive process, but that only works when prices are set honestly and independently.
Price-fixing occurs when two or more companies act together to control competition and fix prices. Companies may agree to raise prices or reduce the amount of merchandise available in order to keep the price high. Price fixing, bid rigging, and other forms of collusion are illegal.
Consumers and other indirect purchasers of goods sold under price-fixing or bid-rigging schemes from certain states, such as California, New York, Illinois and West Virginia, can hold companies responsible for anti-competitive behavior.
FDPK lawyers have successfully represented individuals and businesses that were victims of price-fixing, who want to promote fair competition, and who want to stop companies who tried to undercut competitive behavior.
Our legal team has been able to recover money for companies and persons who were harmed by unlawful, anticompetitive behavior. These cases are often brought under the Federal Sherman Act and the Clayton Act, or the equivalent state laws that exist in nearly every state.
If you are an individual or a business owner who has been harmed by antitrust or price-fixing violations, please contact Partner Joe Kravec and his team. We will evaluate your potential claim at no cost to you.