Cornering the Market

Cornering the market takes place when one company takes steps to keep another company out of the marketplace, which also causes consumers to pay more. There are some accepted monopolies by the government, like utility companies, but they are closely monitored. When a company of consumer products closes down their competition it is illegal.

Fighting Unfair Competition

When companies do not follow the law consumers have a voice that can stop anti-competitive tactics that keep other companies out of the market. While it is not easy for one person to have a voice that will be heard against the large company, their attorneys and their financial resources, a class action lawsuit changes the odds. The class action lawsuit joined by many people can achieve justice. This will cause the company to compensate the consumer and it will send them a message that the tactics of unfair competition is illegal and will result in paying the price for antitrust behavior.

Fighting against the powerful company that has financial resources and lawyers successfully is with a class action lawsuit is possible with an experienced attorney that has the resources to hold the company responsible for their illegal actions. This is also a way to learn about others that have experienced being injured by these practices.

Examples of Anti-Competitive Tactics

One example of this is when a generic manufacturer caused prices to rise suddenly costing both consumers and insurance companies a high amount of money. The manufacturing company made an agreement with the supplier cornering the supply of the active ingredients.

It was also seen in the anti-competitive tactics by a large software company to keep other companies from the market. This put consumers in a position where they had few choices and limited choices caused consumers to pay more than they should. The success of a class action lawsuit compensated consumers and it also returned healthy competition to the marketplace. While one person might not feel like they can fight back, the experienced attorney with the resources and class action can stop the unfair competition. As a consumer if you suspect unfair competition contact the Ehline Law firm to discuss your claim. Contact a class action lawyer.