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US: NY Bar conference focuses on growing antitrust enforcement over economy

By  |  January 25, 2013

Lawyers held a conference last Thursday in New York and according to reports, much of the discussion surrounded the ongoing antitrust investigations by government officials into bid-rigging of major US banks. Reports say the general consensus of the conference, hosted by the New York State Bar Association, was that Wall Street should “get used” to the increasing antitrust watch over the economy; some lawyers reportedly warned of complications of such a trend, however. Specifically, said reports of the event, lawyers are particularly concerned about the implementation of the Department of Justice’s corporate leniency program, which began in 1978 and was revised in 1993 – as scope over the economy widens, there is growing concern over the lack of experience of the DOJ’s Antitrust Division experience in applying the leniency program to the financial sector.

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