Antitrust Investigation Highlights Need for Compliance Programs
The U.S. Department of Justice and antitrust enforcement agencies continue to investigate alleged price fixing involving automotive electrical components. Recent announcements that three companies and several executives have pled guilty to price fixing prompted lawyers to file at least 40 civil lawsuits in federal courts around the country. The suits seek money damages on behalf of purchasers who bought wire harnesses directly or indirectly from suppliers believed to be part of the investigation. A federal judicial panel has conditionally transferred a number of the cases to the U.S. District Court for the Eastern District of Michigan where many of the cases are already pending.
The criminal investigation and civil lawsuits illustrate the need for antitrust compliance programs and compliance audits. Miller Canfield’s antitrust lawyers offer compliance training and audits to clients in many industries. Call us if you’d like to learn more.
Larry J. Saylor