antitrust lawsuit

An antitrust lawsuit is a legal action taken to challenge business practices that restrict competition and harm consumers. These practices can include monopolies (where one company dominates a market), price-fixing (where companies collude to set prices), and other unfair tactics that limit choices for consumers or manipulate market conditions. Antitrust laws aim to promote fair competition, ensure low prices, and encourage innovation. When a company is accused of violating these laws, individuals, businesses, or government agencies can file a lawsuit to seek remedies, which may include fines, changes in business practices, or breaking up the company’s operations.