A PYMNTS Company

US: DOJ streamlines process to alter antitrust settlements

By  |  March 30, 2014
US: DOJ streamlines process to alter antitrust settlements

The US Department of Justice Antitrust Division announced Friday it has introduced new policies to streamline parties’ ability to change or terminate old antitrust settlements, a move the authority said will lower costs and expedite the review process for such requests.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, the changes, which are effective immediately, update policies that had not been updated since 1999. Antitrust settlements made prior to 1980 can now use a new process to change or cancel the settlement.

    The changes address the lack of automatic terminations held by settlements made before 1980. According to reports, judgments made after 1980 contain “sunset” provisions that automatically terminate the settlements after a period of time. But judgments made before that time do not include such provisions.

    Full Content: Compliance Week

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.