2012 year-end criminal antitrust & competition law update

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2012 year-end criminal antitrust & competition law update - .PDF file.

The past year marked record-level global criminal competition law enforcement. The level of fines imposed continued its upward trajectory, with authorities in the US, Europe, China, and India imposing record sanctions. The U.S. Department of Justice obtained more than $1.35 billion from criminal antitrust offenders during FY 2012, its highest annual total to date.[1] That includes an estimated $1.13 billion in criminal fines and nearly $220 million in restitution, penalties, and disgorgement paid to state and federal agencies. The $1.13 billion in criminal fines exceeds the previous high of $1 billion from FY 2009 and reflects continued success by the Department of Justice, Antitrust Division in targeting hard-core international and domestic cartels.

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