The Minnesota Antitrust Act prohibits companies from conspiring together to unreasonably restrain their competitors or unreasonably restrain the availability of products in order to benefit themselves financially. What does this mean? Here are a few specifics. Before we get into what the Minnesota Antitrust Act covers, here are a few important definitions. "Commodity" means any
Minnesota Antitrust Attorney
Minnesota businesses are protected from unfair business practices by various state and federal laws including the Minnesota Antitrust Act.
As a business litigation attorney, Aaron Hall has represented business clients involving claims of unfair competition, unfair business practices, antitrust issues, and monopolistic activity. Whether you are defending against claims of antitrust law violations or dealing with a company who unfairly harming your business, you should only hire an attorney experienced in Minnesota state and federal antitrust law.
Federal Antitrust Law
A number of federal statutes have developed over the years to prohibit or restrain monopolistic and unfair business practices. These include
- The Interstate Commerce Act of 1887
- Sherman Antitrust Act of 1890
- The Clayton Antitrust Act
- The Federal Trade Commission Act of 1914
- The Robinson-Patman Act of 1936
- The Celler-Kefauver Act of 1959
Minnesota Antitrust Act
The Minnesota Antitrust Act is provided in Minnesota Statutes sections 325D.01 to 325D.07. The Minnesota Antitrust Act provides that “[a] contract, combination, or conspiracy between two or more persons in unreasonable restraint of trade or commerce is unlawful.”
Under the Minnesota Antitrust Act, the following are unlawful:
(1) A contract, combination, or conspiracy between two or more persons in competition:
(a) for the purpose or with the effect of affecting, fixing, controlling or maintaining the market price, rate, or fee of any commodity or service;
(b) affecting, fixing, controlling, maintaining, limiting, or discontinuing the production, manufacture, mining, sale or supply of any commodity, or the sale or supply of any service, for the purpose or with the effect of affecting, fixing, controlling, or maintaining the market price, rate, or fee of the commodity or service; or
(c) allocating or dividing customers or markets, functional or geographical, for any commodity or service.
(2) A contract, combination, or conspiracy between two or more persons whereby, in the letting of any public contract, (a) the price quotation of any bid is fixed or controlled, (b) one or more persons refrains from the submission of a bid, or (c) competition is in any other manner restrained.
(3) A contract, combination, or conspiracy between two or more persons refusing to deal with another person, except a refusal to deal by associations, trading boards, or exchanges when predicated upon a failure to comply with rules of membership.
Recover Triple Damages and Attorney’s Fees
The Minnesota Antitrust Act provides that anyone injured by a violation of the Minnesota Antitrust Act shall recover three times the actual damages, plus court costs and attorneys’ fees. In addition, Minnesota courts are authorized to injunctions and restraining orders to prevent and restrain violations of the Minnesota Antitrust Act.
Contact a Minnesota Antitrust Attorney
If you are dealing with business antitrust issues, you are welcome to contact Thompson Hall to schedule a meeting with an attorney to analyze your situation and rights under Minnesota state and federal antitrust laws.