Lisa Phelan spoke to Global Competition Review about the decrease in criminal fines paid to the Department of Justice's Antitrust Division in 2022 despite an increase in enforcement activity and prosecutions.
According to Lisa, smaller fines could reduce incentives for companies to invest in compliance programs.
"If a company thinks it could face a criminal fine in the range of tens of millions, or even hundreds of millions of dollars, it is more likely to take greater steps to monitor and train its employees on competition laws and risks," Lisa said.
Read the full article.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Morrison & Foerster LLP. All rights reserved
