Antitrust laws are designed to promote healthy competition among businesses and thereby ensure consumer choice. When companies collude to set prices or affect a fair marketplace, consumers often pay the price.
The Antitrust Bureau of the Attorney General’s Office investigates and prosecutes alleged violations of the state and federal antitrust laws. Those laws are premised on two basic requirements: companies cannot agree to limit competition in ways that hurt consumers; and a single company cannot monopolize or try to monopolize an industry through unfair practices. Part of the Consumer Protection Division, the Attorney General’s Antitrust Bureau has been actively involved in several multi-state actions resulting in the recovery of millions of dollars for the benefit of Arkansas consumers.
E-Books – On April 18, 2012, Attorney General McDaniel filed suit against six book publishers, alleging that they conspired to fix the prices of electronic books. The Attorney General reached a settlement with three of the publishers in August 2012, securing restitution of nearly half a million dollars for Arkansas consumers.
LCD – Attorney General McDaniel entered into agreements with the world’s largest manufacturers of liquid crystal display screens, resolving allegations made in an August 10, 2010 lawsuit. The settlement collectively provided more than $500 million to consumers in 25 states. The lawsuit included allegations that the companies’ executives conspired to fix the price of LCD screens used in Arkansas consumers’ computer monitors, televisions, mobile phones, and other electronic devices.
Other Antitrust Resources
Federal Trade Commission:
Department of Justice: