Clayton Antitrust Act

Clayton Antitrust Act
A federal antitrust law, enacted in 1914, that amended and expanded upon the Sherman Act (enacted in 1890), which prohibits direct or indirect interference with interstate trade.
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Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

Clayton Antitrust Act
Clayton Antitrust Act (Clayton Act)
USA
The Clayton Act supplements and clarifies the other antitrust regulations under the Sherman Act. In particular, it prohibits certain types of conduct that may be harmful to competition, such as:
• Price discrimination.
• Exclusive dealing arrangements.
• tying arrangements.
• Certain M&A transactions.
In each of the above cases, the conduct is only prohibited if it substantially lessens competition or may create a monopoly.
In addition, subject to some exceptions, the Clayton Act prohibits individuals from being a director for two or more competitors.
The Clayton Act is enforced by the Federal Trade Commission and the Antitrust Division of the Department of Justice. Private parties are also permitted to sue for damages (including punitive damages) and injunctive relief if they are injured by conduct prohibited by this Act.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Clayton Antitrust Act — The Clayton Antitrust Act of 1914 (Pub.L. 63 212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12–27, 29 U.S.C. §§ 52–53), was enacted in the United States to add further substance to the U.S …   Wikipedia

  • Clayton Antitrust Act — Aux États Unis, le Clayton Antitrust Act du 15 octobre 1914 fut voté pour remédier aux insuffisances du Sherman Antitrust Act de 1890, la première loi du droit moderne de la concurrence rendant illégales certaines pratiques anticoncurrentielles.… …   Wikipédia en Français

  • Clayton Antitrust Act — An amendment passed by the U.S. Congress in 1914 that provides further clarification and substance to the Sherman Antitrust Act of 1890. The Clayton Antitrust Act attempts to prohibit certain actions that lead to anti competitiveness. The Clayton …   Investment dictionary

  • Clayton Antitrust Act — an act of Congress in 1914 supplementing the Sherman Antitrust Act and establishing the FTC. * * * ▪ United States [1914]       law enacted in 1914 by the United States Congress to clarify and strengthen the Sherman Antitrust Act (1890). The… …   Universalium

  • Clayton Antitrust Act — an act of Congress in 1914 supplementing the Sherman Antitrust Act and establishing the FTC …   Useful english dictionary

  • Antitrust Act — Created page with Antitrust Act can refer to: *The Sherman Antitrust Act, first United States federal government action to limit monopolies.Antitrust Act can refer to: *The Sherman Antitrust Act, first United States federal government action to… …   Wikipedia

  • Sherman Antitrust Act — Sen. John Sherman (R OH), the principal author of the Sherman Antitrust Act …   Wikipedia

  • Sherman Antitrust Act — n. A federal statute passed in 1890 to prevent monopolies and restrictions on free and open interstate and foreign commerce; see also antitrust, Clayton Act The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …   Law dictionary

  • Sherman Antitrust Act — Pour les articles homonymes, voir Antitrust. Le Sherman Anti Trust Act du 2 juillet 1890 est la première tentative du gouvernement américain de limiter les comportements anticoncurrentiels des entreprises : il signe ainsi la… …   Wikipédia en Français

  • Sherman Antitrust Act — an act of Congress (1890) prohibiting any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade. Cf. Clayton Antitrust Act. [named after John SHERMAN, who introduced the bill in Congress] * * *… …   Universalium

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