Loading chat...
AK HB275
Bill
Status
1/19/2010
Primary Sponsor
Max Gruenberg
Click for details
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