Federal government urges contractors to promptly report antitrust crimes


By Daniel Wilson (Oct. 13, 2021, 7:21 p.m. EDT) – Senior officials at the U.S. Department of Justice on Wednesday urged federal contractors to promptly report any potential antitrust violations themselves or risk a co-conspirator beats them for the chance to get leniency from the department.

During a panel discussion at the American Bar Association’s Virtual Public Procurement Symposium, Eyitayo St. Matthew-Daniel, deputy head of the New York office of the Department of Justice’s antitrust division, said the fallout potential for an antitrust prosecution are significant, including fines that eclipse any monetary gain from the crime, plus civil penalties and damages, jail time, and additional fines for individual defendants. Companies are also at risk of being suspended or …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS


Source link

Previous Use of aspirin to prevent first heart attack or stroke should be reduced, says US panel
Next FranNet, America's Leader in Franchise Consulting, Selects Top Five Sectors for 2021