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US: DOJ antitrust enforcement could slow, warns former director

By  |  October 7, 2013

The US Department of Justice reported collections of more than $1 billion in criminal antitrust fines for the 2013 fiscal year, but despite the checkpoint, reports say federal antitrust enforcement could slow in the coming year.

Former DOJ director of criminal enforcement John Terzaken told reporters that reports for the 2013 fiscal year were similar to the same time the previous year. Penalties largely focused on LIBOR manipulation cases and auto parts industry cartel probes.

But in the coming months, Terzaken warned that the DOJ’s enforcement could be impeded by government spending cuts and the current government shutdown.

That, along with the Antitrust Division’s Scott Hammond edit, the DOJ will need to adjust to changes, according to Terzaken, who left the DOJ last June to join Allen & Overy LLP.

 

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