When one company corners the market ...
When a company takes steps to shut other companies out of the marketplace, consumers end up paying more money. The government allows some monopolies, but keeps them under careful control — utilities, for example. But when a consumer product company deliberately shuts down competition, that's illegal.
ClassAction.com: Fighting Back Against Unfair Competition
Consumers do have a voice when companies defy the law and use anti-competitive tactics to keep other companies out of a marketplace. It is not easy for one voice to be heard against a big company and its financial resources and armies of lawyers.
But when one consumer is joined by others in a class action lawsuit, justice is possible. The consumers receive compensation, and the company receives a strong message that unfair competition is illegal and they will pay a price for antitrust activities.
The key to a class action lawsuit is finding an experienced attorney and a law firm with the resources to fight back against powerful companies. At ClassAction.com, you can share your experiences and learn if others have been hurt in the same way.
- A corner on the market: When a giant software company used anti-competitive tactics to keep other companies out of the market, consumers had fewer choices and the limited choices they had cost more than they should have. A class action lawsuit compensated consumers and brought healthy competition back to the marketplace.
- A corner on essential resources: A generic drug manufacturer made an agreement with the supplier of active ingredients and cornered the supply of essential resources. The drug prices went up steeply and suddenly, costing consumers and insurance companies large sums of money. A class action lawsuit compensated consumers and fined the drug manufacturer.
Fighting back is tough for one person, but with the right lawyer and financial backing from a law firm, class actions can stop unfair competition. If you are a consumer who suspects unfair competition, contact ClassAction.com and share your experiences.
