LEGL 2700 Lecture Notes - Lecture 16: Treble Damages, Clayton Antitrust Act, Predatory Pricing
Chapter 16 | Antitrust Law (Lecture)
Executive | Legislative | Judiciary <-- S.E.C.
• Antitrust: preserving competition in markets
(consumers are getting fair prices in numerous
markets)
• Sherman Act (1890)
o Prohibitions:
• Section 1: Contracts, combinations, and
conspiracies that unreasonably restrain trade
or commerce
▪ Ex.) price fixing, territorial allocation
• Section 2: monopolization or attempts to
monopolize a market
▪ Predatory pricing
▪ Treble damages (triple damages)
• Depending on number of violations and
size of violation, there can be triple the
damages for companies
o Horizontal restraints (prices, supply, etc.)
o Vertical restraints (prices, supply etc.)
o Per se Illegality
o Rule of Reason
• Clayton Act (1914)
o HRS filing
• Mergers:
o Horizontal- 2 competitors joining forces
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