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.
Travis Texas Antitrust Disclosure Compliance Memorandum
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Multi-State
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Travis
Control #:
US-TC0308
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FAQ
Both the FTC and the U.S. Department of Justice (DOJ) Antitrust Division enforce the federal antitrust laws.
To report antitrust concerns to the Antitrust Division: Step 1: Fully Describe Your Concern....Step 2: Submit the Concern to the Citizen Complaint Center. E-mailantitrust.complaints@usdoj.govPhone1-888-647-3258 (toll free in the U.S. and Canada) or 202-307-20401 more row
The FTC, which has authority to enforce the Clayton Act, as well as engage in other consumer protection activities, was created the same year. The Clayton Act does not have criminal penalties, but it does allow for monetary penalties that are three times as large as the damage created by the illegal behavior.
Key Takeaways. The Clayton Antitrust Act of 1914 continues to regulate U.S. business practices today. Intended to strengthen earlier antitrust legislation, the act prohibits anticompetitive mergers, predatory and discriminatory pricing, and other forms of unethical corporate behavior.
PLEASE NOTE: To file a report about fraud, scams, and bad business practices, visit ReportFraud.ftc.gov.
It broke the monopoly into three dozen separate companies that competed with one another, including Standard Oil of New Jersey (later known as Exxon and now ExxonMobil), Standard Oil of Indiana (Amoco), Standard Oil Company of New York (Mobil, again, later merged with Exxon to form ExxonMobil), of California (Chevron),
The act was designed to restore competition, but it was loosely worded and failed to define such critical terms as "trust," "combination," "conspiracy," and "monopoly." Five years later, the Supreme Court dismantled the act in United States v. E. C. Knight Company (1895).
Another example of an antitrust violation is collusion. For example, three companies manufacture and sell widgets. They charge $1.00, $1.05, and $1.10 for their widgets. If these three companies plan and agree to all charge $1.15 for widgets, they're likely in violation of antitrust laws.
The US Congress passed the bill in June 1914, and President Woodrow Wilson later signed it into law. The Clayton Antitrust Act sought to address the weaknesses in the Sherman Act by expanding the list of prohibited business practices that would prevent a level playing field for all businesses.
