antitrust claim definition
Antitrust suits against corporations may be filed alleging a variety of antitrust and non-antitrust. violations of law. The antitrust claims may involve, for example, purported price-fixing. conspiracies, market allocations, predatory pricing, price discrimination, and monopolization. The pace of antitrust litigation and other claims. alleging anticompetitive conduct is not expected to slow in the near future. This white paper is intended to discuss insurance coverage issues for antitrust and other anticompetitive practice claims. Third, they prohibit the creation of a monopoly and the abuse of monopoly power. The Federal Trade Commission, the U.S. Department of Justice, state governments and private parties who are sufficiently affected may all bring actions in the courts to enforce the antitrust laws. The federal government, via both the Antitrust Division of the United States Department of Justice and the Federal Trade Commission, can bring civil lawsuits enforcing the laws. The United States Department of Justice alone may bring criminal antitrust suits under federal antitrust laws. Given these commentaries and the arguments by insurance companies, it is not surprising that. many courts have held that insurance carriers have duties to defend and indemnify their insureds. against antitrust claims, claims of libel, slander and trade disparagement, and claims of unfair. competition. Notwithstanding courts’ historical reluctance to find coverage for “pure” antitrust claims, the. fact is that coverage often is afforded for lawsuits that involve a range of anticompetitive. allegations, including antitrust allegations. Violations of the Sherman and Clayton Acts that prohibit restraints of trade of monopolies. In 1982, the U.S. Supreme Court decided that cities are not immune to antitrust laws. Exclusions for alleged violations should be avoided in the public officials liability policy. Links for IRMI Online Subscribers Only: PLI VII.E. Suggest an improvement or addition to the Insurance and Risk Management Glossary. United States antitrust law. United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. Many businesses face claims of antitrust violations, anticompetitive conduct, unfair competition, and trade disparagement. Whether based on the antitrust laws or other statutory schemes, the. suits frequently involve varying allegations. In 1982, the U.S. Supreme Court decided that cities are not immune to antitrust laws. Exclusions for alleged violations should be avoided in the public officials liability policy. More D&O, E&O, and Professional Liability Information from IRMI.
A collection of federal and state government laws that regulates the conduct and organization of business corporations.