June 26, 2022

Volume XII, Number 177

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June 24, 2022

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June 23, 2022

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Uptick In Department of Justice (DOJ) Antitrust Division Criminal Fines

The DOJ Antitrust Division obtained over $1 billion in criminal fines in fiscal year 2013 (October 1, 2012 – September 30, 2013). This was one of the highest totals ever obtained by the Division. However, the Antitrust Division is currently on track to exceed that level in fiscal year 2014. For the first six months of the new fiscal year, the Antitrust Division has already obtained fines totaling $709 million, including the fourth-largest criminal antitrust fine ever imposed – a $425 million fine against Bridgestone. A fine of $325 million was also levied against Rabobank in connection with the DOJ’s LIBOR interest rate antitrust investigation.

While the Antitrust Division’s recent criminal enforcement activities have not focused on the insurance industry, the Division has devoted considerable civil enforcement attention to the use by insurers of “most favored nation” clauses in provider contracts. Consequently, given both the increase in criminal antitrust enforcement generally, and the recent civil antitrust enforcement interest in insurance industry practices, it almost goes without saying that having an effective antitrust compliance program is as important today as it has ever been. Is your antitrust compliance program as current and effective as it could/should be?

© Copyright 2022 Dickinson Wright PLLCNational Law Review, Volume IV, Number 198
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About this Author

Dickinson Wright’s cross-disciplinary team has decades of experience representing national and international clients in antitrust, franchise, dealer/distribution and “white-collar” criminal matters. Our team of seasoned trial attorneys, litigators and counselors has successfully represented clients in both federal and state courts and in international arbitrations. We excel in providing cost-effective, superior legal advice and take pride in vigilantly protecting our clients’ interests in an ever-evolving regulatory environment.

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