This memornadum addresses two antitrust concerns that should be noted by emerging companies: Avoiding the creation of documents that might invite antitrust problems, and avoiding premerger coordination of commercial activities and uncontrolled exchange of compettitively sensitive information.
Wyoming Antitrust Disclosure Compliance Memorandum
Category:
State:
Multi-State
Control #:
US-TC0308
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Word;
PDF;
Rich Text
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FAQ
What is the Consumer Protection Act? The Wyoming Consumer Protection Act (Act) prohibits businesses from taking advantage of consumers through various types of misrepresentations, and unfair or deceptive acts or practices.
The eight consumer rights are: Right to basic needs, Right to safety, Right to information, Right to choose, Right to representation, Right to redress, Right to consumer education, and Right to healthy environment.
Ignoring complaints or inquiries from consumers can hinder their ability to gather necessary information about a product, which is a violation of this right.
The basic rights of any individual as a consumer are right to safety, right to information, right to choose, right to be heard, right to seek redressal, right to consumer education, but not the right to credit purchase.
Wyoming's antitrust statutes allow its citizens to bring private lawsuits against companies, enforced by the state attorney general. Plaintiff's can even recover their attorneys' fees along with damages if the antitrust claims are successful.
These cases can involve fraud, scams, identity theft, false advertising, privacy violations, anti-competitive behavior and more. The Legal Library has detailed information about cases we have brought in federal court or through our internal administrative process, called an adjudicative proceeding.
The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.
In 1962, then US President John F Kennedy declared four basic consumer rights ? the right to safety; the right to be informed; the right to choose and the right to be heard.