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DOJ Announces Criminal Fines for Last Fiscal Year
Practical Law Legal Update 9-597-2455 (Approx. 3 pages)
DOJ Announces Criminal Fines for Last Fiscal Year
by Practical Law Antitrust
| Published on 23 Jan 2015 • USA (National/Federal) |
The Antitrust Division of the Department of Justice (DOJ) announced criminal fines collected in the year ending September 30, 2014.
On January 22, 2015, the Antitrust Division of the DOJ announced that it collected $1.861 billion in criminal fines and penalties for the fiscal year ended September 30, 2014. The high total was aided in part by five companies paying over $100 million each in penalties, including a $425 million fine against Bridgestone Corp. as part of the DOJ's auto parts investigation. The DOJ's LIBOR investigation contributed $561 million to the total.
The DOJ also saw 21 defendants sentenced to prison terms with an average term of 26 months.
For more information on the DOJ's criminal antitrust investigations, see:
- DOJ Municipal Bonds Bid-rigging Investigation Chart.
- DOJ Municipal Tax Liens Investigation Chart.