Antitrust – Price Fixing
Price fixing occurs when the price of goods and/or services is wrongfully artificially manipulated to benefit specific companies or individuals. Collusion occurs in these cases when it can be proven that companies agreed to sell competing products for the same price, essentially eliminating competition. This allows companies to dictate the price, rather than allowing the fair market of supply and demand to determine value.
Predatory pricing is a practice in which a company can lower its prices so far below its competitors as to force them out of business. To do this, a business would have to be able to sustain an economic loss for an extended period of time, selling goods or services at well below market value. Its competitors would collapse when they were unable to meet these unrealistically low prices. Predatory pricing eliminates fair competition in the marketplace.
We have reviewed and filed claims on this subject and we continue to do so. These are complex claims.
What can I do?
Areas of our practice include breach of contract, fraud, antitrust, price fixing, patents, EIFS and theft of trade secrets. Many small businesses have found that representation by our firm on a contingency fee basis is the best way to resolve claims against larger companies.
If you or a loved one is in need of a business litigation attorney, contact us today for a free legal consultation.