This memornadum addresses two antitrust concerns that should be noted by emerging companies: Avoiding the creation of documents that might invite antitrust problems, and avoiding premerger coordination of commercial activities and uncontrolled exchange of compettitively sensitive information.
Illinois Antitrust Disclosure Compliance Memorandum
Category:
State:
Multi-State
Control #:
US-TC0308
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Word;
PDF;
Rich Text
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FAQ
Per se violations of the Sherman Act include price fixing, bid-rigging, horizontal customer allocation, and territorial allocation agreements. A per se violation requires no further inquiry into the practice's actual effect on the market or the intentions of those individuals who engaged in the practice.
The Illinois Antitrust Act was enacted in 1965. It is designed to supplement the federal antitrust laws in securing the benefit of free and open competition to Illinois businesses and consumers.
The Sherman Act, the Federal Trade Commission Act, and the Clayton Act are the three pivotal laws in the history of antitrust regulation. Today, the Federal Trade Commission, sometimes in conjunction with the U.S. Department of Justice, is tasked with enforcing federal antitrust laws.
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies.
The Antitrust Division enforces federal antitrust and competition laws. These laws prohibit anticompetitive conduct and mergers that deprive American consumers, taxpayers, and workers of the benefits of competition.