What is an antitrust class action?
An antitrust class action is filed by a consumer or entity who has suffered an economic loss from their purchase of a product or service as a result of a violation of federal or state antitrust laws. The Sherman Antitrust Act forms the basis of most claims and was passed by Congress in response to the monopolistic practices of the coal, steel, and oil industries. The Sherman Act prohibits illegal monopolies, conspiracies to restrain trade, restraints on trade, price fixing, and price discrimination where the effects are to eliminate or weaken competition in the marketplace. Many states have passed similar laws.
