LADs

Wednesday, February 07, 2007

LAD #24: Clayton Anti-Trust Act

When the Sherman Anti-Trust Act of 1980 was deemed ineffective, a new Anti-Trust Act was passed in response known as the The Clayton Anti-Trust. It said that people were unable to discriminate pricing for customers just as they were unable to lessen their competition by creating monopolies. Many also changed their prices based on the economics and market of the time, and they allowed no transactions such as bribes, or even furnishing services or facilities for illegal processing. This act made sure to show that all had discriminatory effects. If they did not follow these rules, a fine would be issued for five thousand dollars and any damages a customer suffers must be covered for their attorney as well as suit. People have the right to sue and file claims in their jurisdiction but these anti-trust acts cannot be applicable to labor organizations. This act lastly states that no one person can obtain any part of the stock or share capital from a business, unless the stock is purchased for investment, and many courts have pledged to prevent any violations of the workable Clayton Anti-Trust Act.

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