If you are a New Jersey business owner experiencing the pain of widespread consolidation in your industry, chances are the negative impacts are more a result of anticompetitive conduct than your own business practices. Monopolies are a particular problem in healthcare, where providers are priced out of the market or otherwise unable to compete due to unfair restraints on trade. When market domination allows firms to direct market conditions and punish those practitioners who resist, patient care suffers.
State and federal antitrust laws were passed specifically to counter collusion and abuse of market power, and they do provide private parties with enforcement rights if the government declines to take action. Our antitrust attorneys at the Law Offices of George M. Sanders, P.C. have comprehensive knowledge of these complex statutes and antitrust concepts, backed by years of experience going up against those who engage in anticompetitive practices. We are dedicated to protecting the rights of Trenton, NJ healthcare providers harmed by an uneven playing field.
New Jersey and Federal Laws on Monopolies and Collusion
The origin of antitrust law dates back more than a century, when US Congress and state legislators passed statutes prohibiting anticompetitive practices. Federal and state antitrust laws are just as important today in preventing restraints on free trade, especially in the healthcare industry where monopolies are rampant and have a considerable effect on local economies. Three federal antitrust statutes prohibit collision and other illegal conduct:
- The Sherman Act includes makes it unlawful to create combinations or monopolistic activities that restrain trade.
- The Clayton Act contains several prohibitions on mergers and actions where the effect is “substantially to lessen competition,” amending and clarifying the Sherman Act.
- The Federal Trade Commission Act defines certain acts that amount to unfair competition or deception, but only the FTC can enforce its provisions.
The New Jersey Antitrust Act includes provisions similar to federal law, addressing contracts in restraint of trade, monopolies and illegal combinations, and unlawful mergers that lessen competition.
Trenton Antitrust Lawyers Focus on Anticompetitive Arrangements
You may be entitled to recover monetary damages and equitable relief in a private enforcement action based upon violations of state or federal antitrust laws. The antitrust legal team at the Law Offices of George M. Sanders, P.C. can help you navigate the complicated process with such claims as:
- Collusion or conspiracies in restraint of trade;
- Price fixing;
- Market domination abuses;
- Mergers that result in monopolistic power;
- Group boycotts and other violations of the peer review process; and,
- Other types of conduct prohibited by law.
A Skilled Trenton Antitrust Attorney Will Protect Your Interests
If you are a Trenton, NJ healthcare practitioner or business owner in the state who was harmed by anticompetitive acts, it is critical to consult with an antitrust lawyer right away. You have a private right of enforcement under federal and state law, but you put your interests at risk if you do not have a legal background. Our antitrust legal team at the Law Offices of George M. Sanders, P.C. has the experience and knowledge necessary to bring to justice those that collude, form monopolies, or otherwise restrain competition. Please contact us at (312) 624-7642 or visit our website to schedule a consultation.