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Antitrust
law, also known as competition law, pertains to almost
all industries and to every level of business, including
marketing, manufacturing and transportation. The goals
of antitrust laws are to protect economic freedom and
preserve opportunity in the marketplace by promoting
competition. Tim D. Wilson Investigations has been
blessed with the opportunity to work in conjunction with
top antitrust attorneys from across the United States.
We provide clients who have been confronted with
criminal antitrust investigations and accusations, the
help they need to resolve their case through proper
defense.
Antitrust law has three main fundamentals. One of the
main fundamentals that pertain to antitrust laws is
barring agreements or practices which restrict free
trading and competition among business entities. What
this means is that antitrust laws are set into place to
prevent cartels from engaging in such practices as price
fixing and bid rigging. Cartels can reduce competition
and set prices higher in order to gain more profit for
themselves which is an example of price fixing. Bid
rigging is another negative action that is common of
cartels. Bid rigging occurs when two or more bidders in
the market place designate one bidder to win. Bid
rigging can occur when an agreement is made not to bid,
setting the price low. Also, when an extremely high bid
is set into place, called a cover bid, the price is set
to be high so that the other bidder can not bid. Bid
rigging and price fixing are both forms of fraud and
almost always have harmful economic effects. These
effects cause harm to the agencies seeking bids and the
consumers who bear the costs.
Another fundamental key of antitrust laws, are to ban
abusive behavior by companies who try to dominate a
market. Antitrust laws protect the market by banning
anticompetitive practices by companies such as refusal
to deal, price gouging, and predatory pricing. By
refusing to deal, a company can drive up the price of
goods or services. Price gouging is another harmful
practice in the marketplace. Price gouging occurs when a
company increases the price of goods or services way
beyond what is seen as fair market value. This can be
harmful to the economy as it places economic distress on
the consumer.
The third fundamental of antitrust laws is to supervise
the acquisitions and mergers of very large corporations
including joint ventures. This supervision is necessary
in order to protect the competitive process of the
market. When these transactions threaten the
marketplace, they can often be prohibited all together
or have certain remedies put into place to enable other
businesses to compete in the market.
When confronted with antitrust allegations and
prosecutions, the use of professional investigators is
essential to uncover the fact of the case. Hear, at Tim
D. Wilson Investigations, we strive for excellence and
always work to balance the scales of justice. If you
feel that you or your business has been victimized by
unfair antitrust accusations, please contact our office
immediately so that we can assist you in your defense.
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