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AK HB275

Bill

Status

Introduced

1/19/2010

Primary Sponsor

Max Gruenberg

Click for details

Origin

House of Representatives

26th Legislature

AI Summary

  • Authorizes any person injured directly or indirectly by antitrust violations to bring civil actions for treble damages and attorney fees, expanding standing beyond the attorney general.

  • Removes language limiting monetary relief recovery to the attorney general, allowing private parties and governmental entities to pursue damages under AS 45.50.562 - 45.50.570.

  • Increases criminal penalties for antitrust violations from misdemeanor to class C felony, with fines up to $1,000,000 for natural persons and $50,000,000 for corporations.

  • Authorizes attorney general to pursue civil penalties of up to $1,000,000 for individuals and $50,000,000 for non-natural persons in addition to other available relief.

  • Expands definition of "person" to include state, political subdivisions, cities, boroughs, Alaska Railroad Corporation, and University of Alaska in antitrust actions.

Legislative Description

Antitrust Actions & Penalties

Consumer Affairs

Last Action

COSPONSOR(S): DOOGAN

2/1/2010

Committee Referrals

Labor & Commerce1/19/2010

Full Bill Text

No bill text available