Antitrust laws exist in order to protect our free-market system. These laws were enacted to protect our competitive market from monopoly, price-fixing and unfair trade practices, such as bid rigging and price discrimination that reduce competition and endanger our free-enterprise system. Antitrust laws protect consumers and businesses from anticompetitive practices that unfairly inflate prices. Consumers and businesses are often injured by price collusion, abuse of market power and deceptive or fraudulent business practices. Antitrust laws also prohibit mergers and acquisitions that can potentially inhibit competition and create a monopoly. Antitrust class action cases are usually brought by individuals and businesses that have been injured by anti-competitive conduct of suppliers, purchasers and competitors. Our firm has developed the expertise and knowledge to represent consumers and businesses in a wide range of antitrust litigation against businesses that have engaged in antitrust violations.
A growing area in antitrust litigation is the development of cases against drug manufacturers for suppressing generic competition. Brand name drug manufacturers essentially hold a legal monopoly for a drug while it is under patent protection. Once the patent expires, generic drug makers may enter the market by offering the generic version of the drug at a significantly lower price which increases competition for the brand name drug manufacturer. In order to maintain monopoly pricing, brand name drug manufacturers have engaged in improper tactics such as bringing patent infringement litigation against generic manufacturers, entering into collusive license agreements with generic manufacturers and fraudulently extending the life of their products' patents.
If you feel that you have been the victim of anti-competitive actions and would like to discuss your potential claims, please contact Gerald Silk at 1-800-380-8496.
