The European Union’s reported plan to bring antitrust charges against Amazon.com Inc. (NASDAQ: AMZN) for allegedly using third-party sellers’ data to unfairly compete against them is unlikely to be copied in the United States because of the differences in the two antitrust regimes, a U.S.-based antitrust attorney said Thursday.
The 1957 Treaty of Rome, which created the forerunner of the EU known as the European Economic Commission, gave European regulators broad authority to crack down on “abuse of dominance” by market leaders, Donald I. Baker said. Typically, this has led to significant fines against the companies being investigated, said Baker, who runs a Washington-based law firm. By contrast, U.S. antitrust law, as codified by the 1890 Sherman Act, gives dominant companies far more latitude in how they manage their positions in the market, he said.
The Sherman Act, Baker said in an email, does not prohibit a dominant company from charging monopoly prices or exploiting the market in other ways. U.S. law only bans conduct found to exclude its rivals from competing in the monopolized market, he said.
Full Content: Yahoo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS and UnitedHealth Demand FTC Chair Recuse Herself from Insulin Price Suit
Oct 9, 2024 by
CPI
Australia Unveils Largest Merger Reforms in Nearly 50 Years
Oct 9, 2024 by
CPI
Breaking Up Google? DOJ Floats Major Remedies in Search Monopoly Case
Oct 9, 2024 by
CPI
Walmex Awaits Antitrust Ruling as Mexican Regulator Probes Alleged Practices
Oct 8, 2024 by
CPI
Crypto.com Sues SEC, Alleging Regulatory Overreach in Crypto Industry
Oct 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh