Texas seo’s Austin company faces new antitrust case
Austin, Texas–(BUSINESS WIRE)–Seo, a Dallas-based company that provides cloud-based software services to businesses, is being sued in federal court in Texas for allegedly violating antitrust laws.
The suit filed in U.S. District Court in San Antonio alleges that Seo’s software violates Section 12(a) of the Clayton Act, which bars unfair business practices.
The company is one of several companies targeted by federal antitrust regulators for allegedly rigging bids to buy up companies that compete with their own.
The suit also alleges that the companies are violating Section 13(a)(1) of that law, which prohibits unfair business activities, including antitrust violations.
The lawsuit was filed Monday and seeks damages for alleged violations of Section 13, as well as punitive damages.
It does not specify the exact number of companies that Seos clients have filed suit against, though the suit alleges that many of them are located in Texas.
The Texas case is the first of its kind, according to the suit, and comes after Seo was hit with a complaint by a competitor of Seo in Texas, which also seeks punitive damages against Seo.
The Securities and Exchange Commission is a U.s. agency charged with enforcing antitrust laws, and the company that filed the lawsuit is the Securities and Futures Trading Commission.
The SEC declined to comment on the case.