What is a treble damages claim in an antitrust case?

A treble damages claim is a claim for financial compensation in an antitrust case. It is a legal remedy that can be sought by any individual or business that has been harmed by anticompetitive business practices prohibited by antitrust laws. In Colorado, the antitrust law states that whenever any person or business has suffered any damage as a result of either an intention or negligent violation of the antitrust laws, that person or business may bring a lawsuit to seek treble damages. Treble damages is calculated by multiplying the amount of actual damages suffered by three and awarding those damages to the plaintiff. For example, if a plaintiff suffered $1,000 in actual damages, the court could award the plaintiff $3,000 in treble damages. The treble damages remedy is available in Colorado in order to deter businesses from engaging in anticompetitive behavior, such as price-fixing, monopolizing a market, or forming cartels. The treble damages clause is meant to encourage businesses to comply with antitrust laws by offering financial penalties for those that do not.

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What is a treble damages claim in an antitrust case?

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