Difference between revisions of "Clayton Act"
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| − | The Clayton Act is a [[federal law]] which is an amendment to the [[Sherman Act]] | + | The Clayton Act is a [[federal law]] which is an amendment to the [[Sherman Act]] which strengthened [[antitrust]] laws against anticompetitive and unfair trade practices. |
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| + | Section 4 of the Clayton Act establishes treble (triple) damages for victorious [[plaintiff]]s, making [[antitrust]] lawsuits very attractive for plaintiffs. Juries are typically not told that their award of damages will be trebled. | ||
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| + | Under the Clayton Act, the statute of limitations is four years for [[antitrust]] claims. 15 U.S.C. § 15(b). The limitations period does not begin until the damages are incurred and ascertainable. Every time a plaintiff is injured, a cause of action accrues and the statute of limitations runs from the commission of the act by the defendants. | ||
| + | [[category:legal terms]] | ||
| + | [[category:antitrust]] | ||
Revision as of 00:18, November 28, 2007
The Clayton Act is a federal law which is an amendment to the Sherman Act which strengthened antitrust laws against anticompetitive and unfair trade practices.
Section 4 of the Clayton Act establishes treble (triple) damages for victorious plaintiffs, making antitrust lawsuits very attractive for plaintiffs. Juries are typically not told that their award of damages will be trebled.
Under the Clayton Act, the statute of limitations is four years for antitrust claims. 15 U.S.C. § 15(b). The limitations period does not begin until the damages are incurred and ascertainable. Every time a plaintiff is injured, a cause of action accrues and the statute of limitations runs from the commission of the act by the defendants.