The first of the three major Federal antitrust laws is the Sherman Act that was created in 1980. This act will not allow for competitors to set a fixed price on a good or allow for one company to become a monopoly. Breaking the Sherman Act can be punished normally as a criminal felony with individuals being fined up to $350,000, businesses being fined up to $10 million and corporations up to $100 million per offense. There is also jail time that can be served by each with the individual who can be sentenced up to three years in jail and a business up to ten years in prison per offense when the Sherman Act is violated.
The Clayton Act that was passed just 34 years later in 1914 does not have criminal penalties such as the Sherman Act. This act will not allow for a merger to happen that will diminish the competition of a produ...
... middle of paper ...
... will be consequences.
United States Federal Trade Commission: Guide to Antitrust laws. Retrieved from: http://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws
US Department of Justice: Antitrust Enforcement and the Consumer. http://www.justice.gov/atr/public/div_stats/antitrust-enfor-consumer.pdf Retrieved on 5/27/2014
Katz, Mitchell J. (2013). “Certegy Check Services to Pay $3.5 Million for Alleged Violation of the Fair Credit Reporting Act and Furnisher Rule” http://www.ftc.gov/news-events/press-releases/2013/08/certegy-check-services-pay-35-million-alleged-violations-fair: Retrieved on 5/20/2014
Katz, Mitchell J. (2014). “TeleCheck to Pay $3.5 Million for Fair Credit Reporting Act Violations” http://www.ftc.gov/news-events/press-releases/2014/01/telecheck-pay-35-million-fair-credit-reporting-act-violations Retrieved on 5/20/2014
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- With a specific end goal to comprehend the parts and elements of laws one must comprehend the ideas of law and how it influences organizations and society. Law is characterized as the standards and regulations built in a group by some power and material to its kin, whether as enactment or of custom and arrangements perceived and authorized by legal choice. State and local courts are made by a state. Federal courts are created under the U.S. Constitution to choose debate including the Constitution and laws went by Congress.... [tags: Supreme Court of the United States]
967 words (2.8 pages)
- The petition raised many inconsistencies in the extradition of the act and the United States laws. For example, it is a contradiction of the Bill of Rights that guarantees people the right to life. Specifically, in the Fifth Amendment it is clearly stated, “No person shall be…deprived of life…without due process of law”. Based on this provision, it would be in order for the US government to submit Awlaki to a due court process before any substantial decision is made regarding the situation. On the other hand, international treaties do not advocate for assassination, but instead provides a limitation to the extent of executive powers.... [tags: United States Constitution]
1664 words (4.8 pages)
- The American Democracy is one of the strongest and most powerful in the world with many influences that has tailored the constitutions and laws of other countries. In the 21st century the Constitution of the United States still remains one of the simplest, shortest, most envied, most difficult to change and predominant role of how effective democracy can be. However, American Democracy is not static; it is constantly evolving. Even though democracy offers a number of advantages over other forms of government, no system is perfect and federalism offers, and still offers, both advantages and disadvantages.... [tags: United States Constitution, United States]
1521 words (4.3 pages)
- The United States has two types of court systems. One of those court systems is the federal court system. There are three tiers in the federal court system. The first and lowest tier is the District Court, the middle tier is the Court of Appeals, and the last and highest tier is the U.S. Supreme Court. The United States District Court is also the general trial courts of the federal court system. They have the authority to deal with all cases, both civil and criminal. In a trial court, the district judge examines the case and the jury decides the case.... [tags: United States, Supreme Court of the United States]
832 words (2.4 pages)
- American federal government has always made headline news. Whether it is about new laws or scandals the Federal government always plays a large role in society. The ability to create laws and oversee how the country is run gives them the tremendous power to create and promote change. Some great changes were created during the first half century of the 1800’s. One of the biggest being westward expansion. Take the early years of the 1800’s. Thomas Jefferson is the president of the United States in 1801 to 1809.... [tags: United States, Andrew Jackson]
727 words (2.1 pages)
- The federal government consist of three branches for each one has a specific role that protects and serves each person in the United States. The Constitution established these branches to enhance a stronger federal government as well as to make sure the states worked as one instead as individuals. The method in which it is used goes by Judicial, Legislative, and Executive, these branches go from creating the laws, to implementing laws, to finally interpreting the law. It became known as checks and balances, so that no branch would over power another.... [tags: Supreme Court of the United States]
1201 words (3.4 pages)
- When doing business internationally, U.S. based companies have an obligation to uphold the human rights of all employees and failing to adhere to those rights can have a legal, social and cultural impact on the firm. Germany is a great example when comparing disability law and company expectations. While Germany has been ten years behind the U.S. in addressing the rights of persons with disabilities, their German Social Association (Sozialverband Deutschland) has lobbied to aid in equality for German citizens (Angloinfo).... [tags: Disability]
1335 words (3.8 pages)
- In May of 1787, in the city of Philadelphia, the delegates from all of the thirteen states held a meeting in order to make a better union. The end result was the Constitution of the United States. The delegates discussed which form of government would be the best suited for both the security, and the freedom that many had wanted to add to this new government. The delegates had denied both the confederal and the unitary forms of the new government for the new form which is called Federalism. Which was to be described as the constitutional relationship between the United States and the Federal government.... [tags: United States, United States Constitution]
1077 words (3.1 pages)
- The current minimum wage, as set by federal law, is less than $15 per hour. Is this enough for any person to provide for themselves and their family. Laborers earning the minimum wage don't seem to think so and are wanting an increase in the required minimum wage so they will be paid more by their employers. The Bureau of Labor Statistics reported in 2015 that 3.6 million workers earned below or at the minimum wage ("Minimum Wage Workers"). At first it sounds wonderful for minimum wage workers to earn extra money and be able to make a better living, but what impact does an increase to the federal minimum wage have on the economy.... [tags: Minimum Wage Laws]
1192 words (3.4 pages)
- ... This creates a sentencing inversion.” With the discretion of the judges included in the sentencing process, the offenders will get the sentence equal to the crime they committed. A job of a judge is to determine the sentence for an offender that will be fair and just. Through the establishment of this law, judges cannot add their input for when there is extreme circumstances, but the offenders must serve the time attributed to the crime committed. One of the more serious problem with mandatory minimum sentences is that they have a disparate effect on non-White offenders.... [tags: drugs, sentence, judges, severity, laws]
2895 words (8.3 pages)