15 U.S.C. § 15e — Distribution of damages

submitted 112 years ago by Pub. L. 94-435 to r/title-15-COMMERCE-AND-TRADE · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money won in a state's antitrust lawsuit under section 15c must either be handed out to affected people however the court decides, or treated as a civil penalty and kept by the state. Either way, the state must give every affected person a fair chance to claim their share.

This section is a single, undivided provision. Money recovered as monetary relief in a lawsuit under section 15c(a)(1) must be handled one of two ways: (1) it can be distributed however the district court, using its own discretion, decides to authorize; or (2) the court can instead treat it as a civil penalty and let the state keep it as general revenue. Either way, whatever distribution plan is used must give each affected person a fair chance to get their proper share of the net money recovered.

the actual law source: uscode.house.gov ↗public domain

Monetary relief recovered in an action under section 15c(a)(1) of this title shall—

(1)

be distributed in such manner as the district court in its discretion may authorize; or

(2)

be deemed a civil penalty by the court and deposited with the State as general revenues;

subject in either case to the requirement that any distribution procedure adopted afford each person a reasonable opportunity to secure his appropriate portion of the net monetary relief.

Source credit: (Oct. 15, 1914, ch. 323, § 4E, as added Pub. L. 94–435, title III, § 301, Sept. 30, 1976, 90 Stat. 1395.)

history & why it existsrecord from the source credit

1914Enacted · Pub. L. 94-435 · 90 Stat. 1395

A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-435 on 1914-10-15.

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