Monday, November 24, 2014 11:07 AM EST

Antitrust Law

The United States antitrust law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both, or generally to violate standards of ethical behavior. Government agencies known as competition regulators, along with private litigants, apply the antitrust and consumer protection laws in hopes of preventing market failure. The term antitrust was originally formulated to combat \"business trusts\", now more commonly known as cartels. Other countries use the term \"competition law\". Many countries including most of the Western world have antitrust laws of some form; for example the European Union has provisions under the Treaty of Rome to maintain fair competition, as does Australia under its Trade Practices Act 1974.

Articles About Antitrust Law

Holcim, Lafarge Agree to Merger to Create Cement Giant
Holcim, Lafarge Agree to Merger to Create Cement Giant

By Reuters

Holcim(HOLN.VX) of Switzerland unveiled a deal to buy France's Lafarge(LAFP.PA) on Monday to create the world's biggest cement maker, with $44 billion of annual sales, and launch asset sales worldwide to steer it over antitrust hurdles. (Apr 08)

MORE TOPICS: CHINA, GERMANY, INDIA, MOROCCO, EMERGING MARKETS, LAW FIRM

Logos are seen outside a branch of Barclays bank in London July 30, 2013.
US Regulator Sues 16 Banks for Rigging Libor Rate

By Reuters

The Federal Deposit Insurance Corp sued 16 of the world's largest banks, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. (Mar 15)

MORE TOPICS: BARCLAYS, COURT, FDIC, LAWYER, LAWSUIT, CITIGROUP, BANK OF AMERICA, DEUTSCHE BANK, HSBC, JPMORGAN CHASE, ROYAL BANK OF SCOTLAND

Teva, Ranbaxy Settle Claims in U.S. Over Collusion
Teva, Ranbaxy Settle Claims in U.S. Over Collusion

By Reuters

The New York Attorney General and the U.S. units of Ranbaxy Laboratories(RANB.NS) and Teva Pharmaceutical Industries(TEVA.TA) have settled claims that an agreement between the two drugmakers unlawfully restricted competition. (Feb 19)

MORE TOPICS: PFIZER, NEW YORK, ATTORNEY GENERAL, SETTLEMENT

Apple to Pay as Much as $840M Over E-book Price-Fixing

By IBTimes AU

Plaintiffs who sued and won over Apple Inc in 2013 over an e-books price fixing scheme wants the global telecom giant to pay a total of $840 million in damages. (Feb 03)

MORE TOPICS: APPLE INC., COURT, IPAD, NEW YORK, LAWSUIT

Obama to nominate McSweeny to Federal Trade Commission

By Reuters

President Barack Obama plans to nominate Terrell McSweeny, a veteran of Vice President Joe Biden's staff, to be a commissioner on the Federal Trade Commission, the White House said on Friday. (Jun 22, 2013)

MORE TOPICS: BARACK OBAMA, ADVERTISING, WHITE HOUSE, LAW SCHOOL

U.S. Supreme Court clamp down on class actions in merchants' case

By Reuters UK

The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims against American Express Co <AXP. (Jun 21, 2013)

MORE TOPICS: WAL-MART, COURT, AMERICAN EXPRESS, SUPREME COURT, LAWSUIT

Supreme Court clamps down on class actions in merchants' case

By Reuters

The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims against American Express Co <AXP. (Jun 21, 2013)

MORE TOPICS: WAL-MART, COURT, AMERICAN EXPRESS, SUPREME COURT, LAWSUIT

Visa, Mastercard ask U.S. court to declare card fees are lawful

By Reuters UK

Visa Inc <V.N> and MasterCard Inc <MA.N>, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. (May 25, 2013)

MORE TOPICS: WAL-MART, COURT, LAWYER, LAWSUIT, SETTLEMENT

Google Faces New Federal Antitrust Probe over Advertising Sales

By Reuters

U.S. regulators are in the early stages of an antitrust probe into whether Google Inc (GOOG.O), the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. (May 24, 2013)

MORE TOPICS: GOOGLE INC., FACEBOOK, ADVERTISING

Google faces new federal antitrust probe: source

By Reuters

U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, which dominates web display advertising, has broken antitrust law in how it handles some ad sales, a source told Reuters on Thursday. (May 24, 2013)

MORE TOPICS: GOOGLE INC., ADVERTISING