In the context of business and commerce, a "trust" is a large corporation or other entity whose tactics or basic makeup are designed to unfairly restrict competition. A trust also may be formed by a combination of such entities or a deal among two or more.
Both federal and state antitrust laws are more focused on preventing the formation of trusts in the first place by closely scrutinizing any large mergers or acquisitions. While the Federal Trade Commission (FTC) tends to monitor and regulate publicly traded corporations and businesses that span state boundaries, state courts are mostly concerned with smaller entities.
Alaska Antitrust Law at a Glance
Details of Alaska's antitrust law, including the specific acts which are considered violations, are listed in the following chart.
|Antitrust Code Section||45.50.562 to 596|
|Types of Antitrust Activities Identified by Statute||
|Is a Private Lawsuit Possible?||Yes; attorney general may also be able to bring an action 45.50.580, 45.50.5+6|
|Time Limit to Bring Claim||4 yrs., 45.50.588|
|Can a Successful Plaintiff Recover Attorneys' Fees?||Yes; restoration, injunction, treble damages, costs of suit; misdemeanor, civil penalty not more than $20,000 or 12 mos. prison, 45-50.576(a)|
Note: State laws change regularly, usually through the enactment of new legislation but sometimes through the rulings from higer courts or other actions. You should contact an Alaska consumer law attorney or conduct your own legal research to verify the state law(s) you are researching.
Research the Law
Alaska Antitrust Laws: Related Resources
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