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DE HB111

Bill

Official Source

Status

Passed

6/15/2012

Primary Sponsor

Edward Bennett

Click for details

Origin

House of Representatives

146th General Assembly

AI Summary

  • Extends the statute of limitations for Delaware antitrust actions from 3 years to 4 years, aligning with federal law and most other states
  • Suspends the running of the statute of limitations period whenever the federal government institutes a civil or criminal antitrust proceeding based on the same matter
  • Extends the suspension period for 1 year after the federal proceeding concludes
  • Caps the total time to bring an antitrust action at 4 years from when the cause of action accrued, even if the statute of limitations was suspended
  • Strengthens coordination between Delaware's Attorney General and federal agencies in multi-state antitrust investigations

Legislative Description

An Act To Amend Title 6 Of The Delaware Code Relating To Antitrust Actions.

Last Action

Signed by Governor

6/15/2012

Committee Referrals

Banking4/25/2012
Economic Development/Banking/Insurance/Commerce5/10/2011

Full Bill Text

No bill text available