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U.S.: 2012 is record-breaking year for DOJ antitrust fines

By  |  December 12, 2012
U.S.: 2012 is record-breaking year for DOJ antitrust fines

According to the Department of Justice’s former director of criminal enforcement, the DOJ issued nearly 50 percent more in criminal fines in fiscal year 2012 than in 2011 for a total reaching to more than $1.13 billion. According to the data, nearly 90 percent of the fines were issued to auto parts manufacturers and LCD panel makers. Former director of criminal enforcement John Terzaken compiled the data. He left the DOJ last June to become a partner at Allen & Overy LLP after nearly ten years at the job. According to Terzaken, the fines amount to the most ever issued in history y the Antitrust Division since the Sherman Antitrust Act was implemented about 122 years ago. Terzaken also noted that the ongoing investigation into the global LIBOR scandal may yield even more fines for 2013.

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