MLchartDataset catalogue

Antitrust liability

Term · Insurance and risk management · MLC-T-INS-003584

The legal responsibility for engaging in business practices that restrict competition, such as price-fixing, monopolization, or illegal mergers. Violations of antitrust laws, like the Sherman Act or Clayton Act, can result in severe penalties, including substantial fines, civil damages, and even criminal charges. Directors and officers liability insurance may offer some protection against defense costs for such claims.

Table 1. Record
IdentifierMLC-T-INS-003584
FieldInsurance and risk management
SubjectProfessional Liability
Record as JSON 
{
  "id": "MLC-T-INS-003584",
  "term": "Antitrust liability",
  "field": "Insurance and risk management",
  "definition": "The legal responsibility for engaging in business practices that restrict competition, such as price-fixing, monopolization, or illegal mergers. Violations of antitrust laws, like the Sherman Act or Clayton Act, can result in severe penalties, including substantial fines, civil damages, and even criminal charges. Directors and officers liability insurance may offer some protection against defense costs for such claims.",
  "subject": "Professional Liability",
  "url": "https://mlchart.com/terminology/insurance/antitrust-liability/"
}

Record 176 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.