Because the increase in price paid by each individual consumer is usually not large enough to justify hiring lawyers and retaining experts to prove the conspiracy, without a class action these companies would be able to get away with charging unjustifiably inflated prices. Our lawyers at KND use class actions to bring consumers together and recoup the losses suffered by them as a result of price-fixing agreements and other anti-competitive behaviour engaged in by large companies.
Price Fixing & Competition Law
One of the fundamental underpinnings of our economy is that competition among businesses is beneficial for society. It drives efficiency and innovation and results in consumers and businesses receiving better products at a lower price. Conversely, when companies reach agreements not to compete but instead act together to raise prices, reduce supply or allocate markets and customers, consumers are harmed by having to pay higher prices for inferior goods.