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DE SB296

Bill

Status

Passed

9/30/2024

Primary Sponsor

Kyle Gay

Click for details

Origin

Senate

152nd General Assembly

AI Summary

  • Expands the definition of "court" under antitrust law to include federal courts exercising supplemental jurisdiction, in addition to the Court of Chancery.

  • Adds monopolization prohibitions to § 2103, making it unlawful for any person to monopolize, attempt to monopolize, or conspire to monopolize trade or commerce in Delaware.

  • Clarifies that Attorney General investigative demands can relate to violations of both Delaware antitrust law and federal antitrust law.

  • Enables Attorney General to disclose investigative materials to federal and state law enforcement agencies and allows materials obtained from other agencies to be treated as if obtained under Delaware authority.

  • Establishes a presumption that price changes from antitrust violations are passed through every distribution chain level and permits plaintiffs to recover 25% of consideration paid for goods or services affected by violations as an alternative to proving actual damages.

Legislative Description

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

Last Action

Signed by Governor

9/30/2024

Committee Referrals

Economic Development/Banking/Insurance & Commerce5/23/2024
Judiciary5/9/2024

Full Bill Text

No bill text available