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  • Cartel Corner | July 2023

    Cartel Corner | July 2023

    REPORT

    Cartel Corner | July 2023

    July 2023

    Read time: 3 min

    Key takeaways
    Overview

    In the first half of 2023, antitrust enforcers remained remarkably busy both in the United States (US) and across the European Union (EU). The US Department of Justice’s (DOJ’s) Antitrust Division (Division) and the Federal Trade Commission (FTC) have continued their aggressive and novel effort to drag antitrust enforcement into the labor markets. The DOJ Procurement Collusion Strike Force (PCSF) has pursued its crackdown on antitrust and fraud involving government procurement with a number of recent cases. And DOJ has pushed the boundaries under Section 2 of the Sherman Act—both by revitalizing the criminal provisions of the law and by pursuing “attempts” to monopolize criminally. The European Union has also kept the pressure on those doing business overseas, imposing significant fines in recent matters and upgrading its online leniency program to make it easier for companies to report wrongdoing.

    In this installment of Cartel Corner, we examine this continued aggressiveness toward antitrust enforcement. While these government enforcement efforts have not always been successful, they have nonetheless reframed the landscape for many companies and individuals. What was once thought of as a civil antitrust violation at worst—or no violation at all—is now often pursued criminally. And antitrust enforcers are speaking in more strident tones as they attempt to remake, in certain ways, the way companies do business in the United States and abroad.

    Whether antitrust enforcers are ultimately successful remains to be seen. Nonetheless, the trend is real, and it is one that all companies should be prepared to address in the weeks and months to come.

    In depth
    Authors

    Paul M. Thompson

    Partner

    Washington, DC

    Stéphane Dionnet

    Partner

    Brussels

    Graham J. Hyman

    Associate, Law Clerk

    New York – One Vanderbilt Avenue

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  • Cartel Corner | August 2022

    Cartel Corner | August 2022

    REPORT

    Cartel Corner | August 2022

    August 2022

    Read time: 3 min

    Key takeaways
    Overview

    Without question, 2022 has been a remarkably busy time for the US Department of Justice’s (DOJ’s) Antitrust Division (Division). Over just a few months, the Division rolled out meaningful revisions to its leniency policy aimed at encouraging prompt reporting of criminal violations, announced that it will (for the first time in nearly 50 years) bring criminal monopolization cases under Section 2 of the Sherman Act, continued to increase enforcement resources, and brought a number of new cases and obtained multiple guilty pleas.

    However, activity does not always mean success. If there is any theme that defines the Division’s efforts over the last quarter, it is this: If at first you don’t succeed, try, try again. That is exactly what the Division has done. It tried two labor markets cases, ultimately losing both on a new and untested legal theory. And, over strong objections from a district court, the Division pursued an unprecedented third trial against those in the broiler chicken industry, resulting in a full acquittal for all defendants. None of this, however, has deterred the Division from continuing to pursue new investigations and bring new cases under novel legal theories.

    In this installment of Cartel Corner, we examine recent and significant developments in antitrust criminal enforcement and profile what the Division has highlighted as its key enforcement priorities. If the past is prologue, we are bound to see more aggressive antitrust enforcement in the months to come, testing the boundaries of current antitrust law. Whether the Division can ultimately shift those boundaries, however, remains to be seen.

    In depth
    Authors

    Paul M. Thompson

    Partner

    Washington, DC

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  • Cartel Corner | March 2022

    Cartel Corner | March 2022

    REPORT

    Cartel Corner | March 2022

    March 2022

    Read time: 2 min

    Key takeaways
    Overview

    The US Department of Justice’s (DOJ) Antitrust Division (Division) has continued to actively investigate and pursue alleged criminal violations of antitrust laws and collusive activity in government procurement.US Attorney General Merrick Garland noted in a March 2022 speech at the ABA Institute on White Collar Crime that the Division ended last fiscal year “with 146 open grand jury investigations—the most in 30years.”1 As we near the end of the first quarter of 2022, the Division has a record number of criminal cases either in trial or awaiting trial.

    In this installment of Cartel Corner, we examine and review recent and significant developments in antitrust criminal enforcement and profile what the Division has highlighted as its key priorities for enforcement. For 2022 and beyond, those priorities are—and likely will remain—identifying and aggressively pursuing alleged violations involving the labor markets, consumer products, government procurement and the generic pharmaceutical industry.

    In depth
    Authors

    Anthony S. Ferrara

    Partner

    Washington, DC

    Paul M. Thompson

    Partner

    Washington, DC

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  • Cartel Snapshot

    Cartel Snapshot

    REPORT

    Cartel Snapshot

    March 2020

    Read time: 2 min

    Key takeaways
    Overview

    The Department of Justice Antitrust Division (DOJ) was active in 2019. At the beginning of 2019, the DOJ was preparing for trial in six matters and had 91 pending grand jury investigations. Throughout 2019, the DOJ made public several new investigations, including in the commercial flooring industry, online auctions for surplus government equipment, the insulation installation industry and suspension assemblies used in hard disk drives. The DOJ also announced developments in other ongoing investigations.

    Meanwhile, the European Commission (Commission) entered into settlements with parties in three cartel cases: Occupant Safety Equipment, FOREX and Canned Vegetables. The Commission imposed total fines of €1,469 million in 2019. In March 2019, the Commission launched an online tool to submit documents and information in the context of leniency and settlement proceedings.

    In depth
    Authors

    Paul M. Thompson

    Partner

    Washington, DC

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  • Cartel Snapshot

    Cartel Snapshot

    REPORT

    Cartel Snapshot

    June 2019

    Read time: 2 min

    Key takeaways
    Overview

    In the first half of 2019, the DOJ Antitrust Division announced three new investigations and several developments in its other investigations in commercial flooring, including new investigations in the commercial flooring industry, online auctions for surplus government equipment and insulation installation contracts. It also released its Spring 2019 Division Update and held a public discussion on the Antitrust Criminal Penalty Enhancement & Reform Act.

    Meanwhile, the European Commission announced developments in ongoing investigations in the auto parts industry, and in its government bonds and car emissions cases. It also launched a helpful online tool for company statement and document submissions.

    In depth
    Authors

    Paul M. Thompson

    Partner

    Washington, DC

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  • Cartel Snapshot

    Cartel Snapshot

    REPORT

    Cartel Snapshot

    February 2019

    Read time: 2 min

    Key takeaways
    Overview

    Q4 UPDATE: OVERVIEW OF CARTEL INVESTIGATIONS

    Though 2018 saw guilty pleas and new indictments in several ongoing Department of Justice (DOJ) investigations, the year closed by continuing a downward trend in antitrust enforcement. DOJ’s criminal and civil fines in 2018 ended around $400 million—well short of the billion-dollar plus highs in 2014 and 2015, during the height of the auto parts and foreign exchange investigations. EU fines ended at €800 million, which was less than in 2017 and less than one fourth of the amount of fines imposed in 2016.

    McDermott’s Cartel Snapshot presents the latest information about active antitrust investigations to inform defense representatives, in-house counsel and agency regulators of the latest compliance risks and private actions. Our highly rated team of competition lawyers has selected the most relevant US and EU cartel matters to support risk management assessments for international cartel defense and to provide insights for legal and business planning.

    In depth

    Q4 UPDATE: OVERVIEW OF CARTEL INVESTIGATIONS

    Although 2018 saw guilty pleas and new indictments in several ongoing Department of Justice (DOJ) investigations, the year finished by continuing a downward trend in antitrust enforcement. DOJ’s criminal and civil fines in 2018 ended around $400 million—well short of the billion-dollar plus highs in 2014 and 2015, during the height of the auto parts and foreign exchange investigations. EU fines ended at €800 million, which was less than in 2017 and less than one fourth of the amount of fines imposed in 2016.

    Authors

    Paul M. Thompson

    Partner

    Washington, DC

    More Insights