Are there any remedies available for a violation of the antitrust laws?
Yes, there are remedies available for a violation of the antitrust laws in Virginia. The remedies may include injunctive relief, where a court can order the infringing party to stop their illegal conduct, or financial remedies, including damages for lost profits and restitution of ill-gotten gains. Injunctive relief is a remedy designed to stop or limit the conduct that is in violation of the antitrust or unfair competition law. It may be issued in the form of a restraining order, a cease and desist order, or a court order that prevents or limits a party’s conduct. It can also be a court order that requires the infringing party to take certain corrective action to remedy the violation. Financial remedies may include damages for lost profits or restitution of ill-gotten gains. Lost profits can include the sales of a product or service that a party lost as a result of the violation, while restitution of ill-gotten gains is meant to result in the disgorgement of the profits from the illegal act. In some cases, attorneys’ fees may be awarded as a remedy for a violation of the antitrust or unfair competition law. The laws in Virginia also allow a party to bring an action for civil damages for violations of the antitrust and unfair competition law. Anyone who has suffered damages as a result of such a violation could be eligible to receive compensation, including damages for lost profits, restitution of ill-gotten gains, and attorneys’ fees.
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