What is an antitrust settlement?

An antitrust settlement is a legally binding agreement between parties about how to resolve a dispute about antitrust law in Oklahoma. The settlement is usually reached between the parties out of court and is designed to avoid a lengthy and costly trial. It can include a variety of remedies, such as a payment of damages, a promise to act in a certain way so that competition in the market is not harmed, or a change in the business practices that were causing the antitrust issue in the first place. An antitrust settlement can also include provisions to prevent the same problem from happening again, such as a promise to no longer engage in certain activities or to comply with specific guidelines. Antitrust settlements are important because they ensure that everyone involved abides by the law and that the competitive nature of the market is not harmed or disrupted.

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