Monday, May 30, 2016

Class Warfare: Why Antitrust Class Actions are Essential for Compensation and Deterrence

Robert Lande, U Baltimore explores Class Warfare: Why Antitrust Class Actions are Essential for Compensation and Deterrence.

ABSTRACT: Recent empirical studies demonstrate five reasons why antitrust class action cases are essential: (1) class actions are virtually the only way for most victims of antitrust violations to receive compensation; (2) most successful class actions involve collusion that was anticompetitive; (3) class victims’ compensation has been modest, generally less than their damages; (4) class actions deter significant amounts of collusion and other anticompetitive behavior; and (5) anticompetitive collusion is underdeterred, a problem that would be exacerbated without class actions. Unfortunately, a number of court decisions have undermined class action cases, thus preventing much effective and important antitrust enforcement.

https://lawprofessors.typepad.com/antitrustprof_blog/2016/05/class-warfare-why-antitrust-class-actions-are-essential-for-compensation-and-deterrence.html

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