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Is there any avenue for a company who might see themselves as a victim of their competition ignoring/abusing laws for a competitive advantage?
by kodablah 14y ago
Is there any avenue for a company who might see themselves as a victim of their competition ignoring/abusing laws for a competitive advantage?
- tzs 14y agoIn this case, I don't think we even reach that question. When Greenspan's business did not obtain the appropriate license, it left the money transmission business, making it hard for me to understand how the remaining money transmission businesses (assuming that they actually are money transmitters) are his competition.
- kodablah 14y agoMaybe not presently, but my takeaway is that he accuses his would-be competition (and those funding them) of not following the law. I am not familiar with the law enough to know whether you can play the well-they-don't-have-to card. But my question still stands, is there any recourse for a company who believes it is held to a double standard with regards to direct competitors?
- tzs 14y agoI believe such a company could sue for unfair competition in California (but talk to an actual lawyer before acting on this belief--I am not a lawyer). The key is that it has to have actually been injured by the action of the competitors.
- caf 14y agoThey might be able to seek a writ of mandamus compelling the appropriate authority to enforce the law.