News & Analysis as of

Price-Fixing Compliance

Patterson Belknap Webb & Tyler LLP

DOJ and FTC File Statement of Interest in Hotel Room Algorithmic Pricing Case

On March 28, 2024, the U.S. Department of Justice Antitrust Division and the Federal Trade Commission (“the agencies”) jointly submitted a Statement of Interest on behalf of the United States in Cornish-Adebiyi v. Caesars...more

Vinson & Elkins LLP

DOJ Warns Against Unintelligent Use of Artificial Intelligence

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The Department of Justice is stepping up its focus on artificial intelligence (“AI”), with officials warning that harsher penalties could be in store for those who deliberately misuse the technology to commit white collar...more

Mintz - Antitrust Viewpoints

DOJ Deputy Chief Announces “Stiffer Sentences” for AI-Related White-Collar Crime — AI: The Washington Report

Department of Justice (DOJ) Deputy Attorney General Lisa Monaco’s March 7, 2024, speech addressed the agency’s current enforcement stance towards AI. In the speech, Monaco reiterated that there are no AI exemptions to the...more

The Volkov Law Group

Justice Department Focuses on Artificial Intelligence Assisted Crime

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In the face of rapid technology changes, the Department of Justice usually has to play catch up.  When cryptocurrency and blockchain entered the United States economy, the Justice Department played catch up.  Fraudsters and...more

BakerHostetler

DOJ Takes a Cue from ‘Catch Me If You Can’ with Price-Fixing Plea Agreement

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The 2002 blockbuster film “Catch Me If You Can” chronicles the exploits of notorious check-writing fraudster Frank Abagnale Jr., his narrow escapes from capture, and his eventual apprehension abroad by American law...more

NAVEX

The Subtle but Significant Shift at U.S. Justice Department

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In October, deputy attorney general Lisa Monaco made headlines when she announced a new leniency policy at the U.S. Justice Department for companies that disclose compliance violations discovered during mergers and...more

Perkins Coie

Three Reasons Companies Need Customized Antitrust Compliance Programs Now

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Antitrust compliance programs that are tailored to a company’s culture, line of business, and competitive conditions have long been worth their weight in gold. But as 2022 draws to a close, a looming economic slowdown and an...more

The Volkov Law Group

Pilgrim’s Pride Pleads Guilty to Price-Fixing and Bid-Rigging Conspiracy and Agrees to Pay $107 Million Fine

The Volkov Law Group on

The Justice Department’s criminal investigation of the chicken producing industry continues to gain momentum.  Pilgrim’s Pride is the first company to plead guilty and cooperate in the ongoing criminal investigation of the...more

The Volkov Law Group

Too Big to be Accountable: The Big Case Dilemma

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Over the last twenty year (yes, 20 years), the Justice Department’s civil and criminal enforcement record has come under greater scrutiny.  Whether you call it “Too Big To Jail” or “Too Big to Fail,” questions continue to...more

The Volkov Law Group

J&F Investmentos Subsidiary, Pilgrim’s Pride, Agrees to $110 its Million Penalty for Antitrust Cartel in Chicken Processing...

The Volkov Law Group on

Shortly before announcing its comprehensive FCPA settlement with DOJ and the SEC, Pilgrim’s Pride agreed with the Justice Department’s Antitrust Division to plead guilty to price-fixing in the chicken processing industry....more

The Volkov Law Group

DOJ Adds Six New Defendants to Price-Fixing Boiler Chicken Conspiracy

The Volkov Law Group on

The Justice Department announced a major expansion of its ongoing investigation and prosecution of executives and employees in the boiler chicken price-fixing conspiracy....more

Health Care Compliance Association (HCCA)

Department of Justice fines pharmaceutical company

Compliance Today (August 2020) - On May 7, the Department of Justice’s Antitrust Division announced a deferred prosecution agreement, in which Apotex Corp. agreed to pay a $24.1 million criminal penalty for...more

The Volkov Law Group

Bumble Bee CEO Sentenced to 40 Months in Prison for Price-Fixing

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After a lengthy sentencing hearing in federal court in San Francisco, Bumble Bee CEO Chris Lischewski was sentenced to 40 months in prison for his involvement in a tuna price-fixing conspiracy.  The judge rejected...more

The Volkov Law Group

Antitrust Compliance Lessons Learned from Chicken Price-Fixing investigation and Indictment (Part III of III)

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The Antitrust Division’s recent indictment of the boiler chicken executives provided an important reminder to compliance officers on the importance of an effective antitrust compliance program....more

The Volkov Law Group

The Criminal Chicken Price-Fixing Conspiracy (Part II of III)

The Volkov Law Group on

The recent indictment of four executives involved in a long-running price-fixing scheme among broiler chicken suppliers provides an important window into how such conspiracies work and evade detection....more

The Volkov Law Group

Justice Department’s Antitrust Division Charges Four Executives in Chicken Price-Fixing Investigation (Part I of III)

The Volkov Law Group on

The Justice Department’s Antitrust Division recently announced the indictment in Colorado federal court of four executives from two chicken producer companies for participation in a long-running price-fixing and bid-rigging...more

Jackson Walker

Justice Department Condemns Agreements Among Competing Medical Providers That Limit Treatment Options

Jackson Walker on

The Department of Justice recently sent a stark message to medical providers (and other businesses) that agreements to allocate services, employees, and customers among competing providers will be prosecuted under criminal...more

The Volkov Law Group

COVID-19: DOJ’s Aggressive Prosecution of Fraud and Pandemic-Related Crimes

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The Justice Department and the FBI have acted to focus on fraudsters who are preying on the public panic in response to the pandemic.  The Justice Department has alerted US Attorneys’ Offices, and federal, state and local...more

Society of Corporate Compliance and Ethics...

Bumble Bee ex-CEO convicted for price-fixing

CEP Magazine (February 2020)  - Chris Lischewski, former CEO of Bumble Bee Foods, was found guilty of price-fixing by a jury on Dec. 3. The conviction caps a years-long investigation into price-fixing by the canned tuna...more

The Volkov Law Group

Bumble Bee CEO Convicted of Participating in Price-Fixing Conspiracy

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Global companies are paying greater attention to criminal antitrust risks – and with good reason.  We often dwell on the impact to a company of a major FCPA investigation.  A global criminal antitrust investigation often in...more

BCLP

High Court Challenge to the Scope of Company Director Disqualification Undertakings

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On 9th December High Court heard one of the first applications to vary Company Director Disqualification Undertakings (“CDU”) given by two directors of a group of companies previously found guilty by the Competition & Markets...more

White & Case LLP

Global opportunities for Taiwanese companies and investors: How to take advantage of the new US antitrust compliance credit

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What a change in US criminal antitrust charging policy means for Taiwanese businesses. In July 2019, the Antitrust Division of the US Department of Justice (DOJ) announced a new policy to encourage the implementation of...more

Dorsey & Whitney LLP

Newly Announced Antitrust Division Policy Rewards Effective Compliance Programs

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An effective antitrust compliance program is more valuable than ever, now that the Department of Justice has confirmed that such a program will influence government charging and sentencing decisions. On July 11, 2019,...more

The Volkov Law Group

Getting Your Arms Around Antitrust Compliance (Part II of II)

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Anti-corruption compliance programs are the rage now – is that a young person’s expression? Antitrust has been a forgotten stepchild, partly because of DOJ’s unwillingness to credit companies that maintain effective...more

The Volkov Law Group

The Often Ignored Importance of Antitrust Compliance (Part I of II)

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If you ask any Chief Compliance Officer whether their compliance program includes antitrust laws, they will respond quickly and tell you – “Of course we do.” If you follow up you initial question and ask how do you ensure...more

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