• 2012 Mid-Year Criminal Antitrust Update
  • July 18, 2012
  • Law Firm: Gibson Dunn Crutcher LLP - Los Angeles Office
  • The Department of Justice is on pace for a record-setting year after obtaining more than $810 million from criminal antitrust offenders during the first nine months of FY 2012. This total consists of an estimated $590 million in criminal fines and nearly $220 million in restitution, penalties, and disgorgement paid to state and federal agencies. The amount of criminal fines already exceeds the $523 million collected during FY 2011 and reflects the Department of Justice, Antitrust Division's ("DOJ" or "Antitrust Division") growing success in targeting hard-core, international cartels. Because the summer season historically has been the most active period of the year for the Antitrust Division, FY 2012 is shaping up to be one for the record books.