price fixing Archives - Corruption, Crime & Compliance

16 Jun, 2022

DOJ Snares Two More Guilty Pleas in Ongoing Criminal Investigation of Commercial Flooring Business

The Justice Department’s Antitrust Division has had a rough year in the criminal arena. While the Antitrust Division has aggressively blocked several proposed mergers, it has lost several significant criminal cases. The Antitrust Division lost two significant cases for price-fixing in the labor market and is now in the middle of a third criminal trial against five defendants in the chicken producing industry. The Division...

General

23 Jun, 2020

Bumble Bee CEO Sentenced to 40 Months in Prison for Price-Fixing

After a lengthy sentencing hearing in federal court in San Francisco, Bumble Bee CEO Chris Lischewski was sentenced to 40 months in prison for his involvement in a tuna price-fixing conspiracy. The judge rejected prosecutors’ request to sentence Lischewski to 10 years in prison. Lischewski, who is 59 years old, argued for 12 months home confinement in view of the coronavirus. Judge Chen also imposed a...

General

3 Aug, 2016

Getting Your Arms Around Antitrust Compliance (Part II of II)

Anti-corruption compliance programs are the rage now – is that a young person’s expression? Antitrust has been a forgotten stepchild, partly because of DOJ’s unwillingness to credit companies that maintain effective compliance programs. That is not a legitimate excuse since every company should be addressing antitrust compliance as part of an overall compliance program. Antitrust compliance, however, has been around for many years, and usually fell...

General

2 Aug, 2016

The Often Ignored Importance of Antitrust Compliance (Part I of II)

If you ask any Chief Compliance Officer whether their compliance program includes antitrust laws, they will respond quickly and tell you – “Of course we do.” If you follow up you initial question and ask how do you ensure compliance you will hear a single response – “We conduct training.” When you scratch the surface on antitrust compliance at major companies, you will usually hear...