Collusion is generally defined as an illegal agreement between two or more people to limit competition. This usually occurs between businesses that agree to set similar prices, so as to give consumers less of a choice due to a lack of competitive prices.
Collusion is illegal in the United States and may be considered a criminal offense in some cases. If you or someone you love has been accused of collusion, contact the San Jose criminal defense lawyers of the Law Office of Daniel Jensen, P.C. at (408) 296-4100.
Types of Collusion
The basis of collusion is competition. Businesses that seek to limit competition may attempt to enter in agreement with similar businesses to limit production or services, divide the market, or set prices. In doing so, businesses limit the free market.
Colluding businesses are not as common as they used to be, but they do still exist. In most cases, collusions occur between small businesses in towns with limited markets. This is a stark change from historical collusion, which used to occur with some the US’s largest industries.
Antitrust laws established in the early 1900 have outlawed the practice of collusion in any size industry. In most cases, price fixing is considered the largest offense and may be punishable by jail time.
Collusion hurts the American free market and is therefore a crime. If you or your loved one has been charged with collusion, let the experienced San Jose criminal defense attorneys of the Law Office of Daniel Jensen, P.C. represent you. Contact us today at (408) 296-4100.