by Yue Stella Yu and Maya C. Miller : calmatters – excerpt

Lawmakers will determine the fate of a controversial bill that would give Californians the ability to sue large companies in state court for using monopolistic practices to stifle competition.

The bill, known as the COMPETE Act, has infuriated the business community and set the California Chamber of Commerce on a warpath. The powerful industry group has called Assembly Bill 1776 “the largest expansion of antitrust law in world history” and warns its members that th

e legislation would “leave every business of every size in California vulnerable to massive legal liability.”

Business advocates also argue that the bill gives predatory law firms a new way to shake down California businesses by opening the floodgates for what’s known as “private right of action” lawsuits. For years, business owners have complained about California laws that allow activists and a cottage industry of lawyers to bombard them with cash demands and lawsuits over disability access, product warning labels, labor complaints and consumer privacy.

The legislation, authored by Assembly Majority Leader Cecilia Aguiar-Curry, a Davis Democrat, has support from labor-friendly progressive lawmakers, but also some who have more moderate records such as Assemblymember Jasmeet Bains and Senator Melissa Hurtado, both Central Valley Democratic lawmakers.

Several of the state’s most powerful unions have lined up as co-sponsors, including the California Federation of Labor Unions, SEIU California and the United Food and Commercial Workers.

The bill is scheduled to be heard in the Senate appropriations committee on Aug. 10… (more)