BUS 340 Lecture Notes - Lecture 27: Treble Damages, Sherman Antitrust Act, Price Fixing
Document Summary
Business law: sanctions in sherman act, criminal. People can go to jail, corporations get fined: equitable. Injunction (court order) stop company from doing whatever they"re doing. Divestiture splitting up company into competing pieces: treble (triple) damages by: govt gives triple cost of damages for catching violators. Congress didn"t know how to police it within a certain budget, so they got everybody else to help them. If someone sees somebody violating securities laws, then sue them in civil court for monetary damages (17807: incentive: if you win the case, you guys monetary times three . Violation in effect might substantially lessen the competition or. Tend to create a monopoly in the future : not have to prove it happened, just prove it could happen. Major sections of clayton act: section 8 interlocking directorates, one person can"t sit on board of directors of competing companies even if they used to compete. They could pass anticompetive information: case sears vs. goodrich.
