Iowa Competition law is covered under Chapter 553 of Title XIII of the Iowa Code. Pursuant to Iowa Code § 553.12, any injured private person, Attorney General or the State can bring a suit under this Chapter. By the authority of Iowa Code § 553.12(4), a private party bringing suit can recover reasonable attorney fees, but the State may not recover any attorney fees. The period of limitation, under Iowa Code § 553.16, for instituting an action under this Chapter is four years.
Iowa Code § 553.12
The state or a person who is injured or threatened with injury by conduct prohibited under this chapter may bring suit to:
1. Prevent or restrain conduct prohibited under this chapter and remove the conduct’s effect by injunction, divestiture, divorcement, dissolution of domestic enterprises right to do business in this state, compelling the forfeiture or restraint of the issuance of a certificate of incorporation, permit to transact business, license, or franchise, or granting other equitable relief. The state may bring suit under this section without posting bond.
4. Recover the necessary costs of bringing suit, including a reasonable attorney fee. However, the state may not recover any attorney fee.
Iowa Code § 553.7
The attorney general, with such assistance as may be required from time to time of the county attorneys in their respective counties, shall institute all criminal and civil actions and proceedings brought under this Act in the name of the state.
Iowa Code § 553.16
1. Suit by the state to assess a civil penalty or to obtain a criminal conviction under this chapter must be commenced within four years after the cause of action accrues or, if there is fraudulent concealment of this cause of action, within four years after the cause of action becomes known, whichever period is later.
2. Suit under section 553.12 must be commenced within four years after the cause of action accrues or, if there is a fraudulent concealment of this cause of action, within four years after the cause of action becomes known, whichever period is later. However, if this cause is based, in whole or part, on the same set of facts as alleged in a suit brought under section 553.13, this period shall be suspended until one year after the suit brought under section 553.13 is concluded.