James Fredricks

2 months ago | jdsupra.com | James Fredricks |Karen Hoffman Lent |Tara L. Reinhart

On January 16, 2025, the Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC) (together, the Agencies) released the Antitrust Guidelines for Business Activities Affecting Workers (Guidelines), replacing their Antitrust Guidance for Human Resource Professionals (Oct. 2016) (HR Guidance).

Nov 12, 2024 | jdsupra.com | James Fredricks

On September 30, 2024, the DOJ announced that Siemens Energy, Inc., pleaded guilty to a federal fraud charge and agreed to pay a $104 million fine for rigging a bid by using rivals’ bidding information wrongfully obtained from one of the customer’s employees. The prosecution sends a cautionary message about the circumstances in which obtaining market intelligence crosses the line to illicit misappropriation of confidential information.

Sep 10, 2024 | lexology.com | Bill Batchelor |James Fredricks

Click here to listen to the audioAntitrust/competition partners Bill Batchelor and James Fredericks take our “Fierce Competition” listeners through an in-depth look at everything clients need to know about cartels in the U.S., EU and U.K. While much has stayed the same in the world of cartels, there are many new considerations that now need to be addressed and considered, such as AI, algorithms and outsourcing.

Sep 9, 2024 | jdsupra.com | Boris Bershteyn |James Fredricks

Key Points The increasing use of algorithms to optimize pricing strategies has drawn the attention of competition authorities on both sides of the Atlantic, who fear the technology can facilitate price fixing and collusion. The DOJ, joined by eight states, recently filed its first civil enforcement action against an algorithm provider for allegedly facilitating price alignment and monopolization. Private plaintiffs are also bringing civil antitrust claims.

Aug 6, 2024 | jdsupra.com | Jack DiCanio |James Fredricks |Steven Glaser

On August 1, 2024, the Department of Justice’s Criminal Division launched the Corporate Whistleblower Awards Pilot Program (the Program), following up on its announcement in March 2024 of a plan to offer whistleblower awards. Under the Program, whistleblowers who voluntarily provide the Criminal Division with original and truthful information about corporate misconduct that results in a criminal or civil forfeiture greater than $1 million are now eligible for a financial award.