This Practice Note provides an overview and introduction to the main US antitrust statutes, the antitrust regulatory structure, the role of private antitrust enforcement, and certain key concepts relevant to the application of US antitrust law. Antitrust analysis is highly fact specific and, while providing a useful starting point, the principles outlined in this Note are necessarily general in nature.
This Practice Note provides an overview of the legislation and policies relevant to criminal antitrust enforcement in the US, and discusses practical issues facing a company that is the potential target of a criminal investigation. Among other things, the Note addresses the criminal penalties for antitrust violations and provides an overview of the Department of Justice Antitrust Division's leniency program, through which companies and individuals can receive amnesty from criminal prosecution by reporting illegal antitrust activity and cooperating with the government's investigation.
On 7 December 2016, the European Commission announced that it has fined Crédit Agricole, HSBC and JPMorgan Chase a total of EUR485 million for participating in a cartel in euro interest rate derivatives.