Antitrust

Scott D. Hammond, Deputy Assistant Attorney General for Criminal Enforcement Antitrust Division, presented a paper today at the 24th Annual National Institute on White Collar Crime in Miami that is must reading for white collar criminal defense lawyers and corporate executives interested in understanding the state of antitrust law today. 

The Gibson Dunn law firm is out with its annual update of criminal antitrust enforcement in 2009. The detailed report includes some startling facts: 

Credit Suisse Securities (USA) LLC v. Billing, 551 U.S.  264 (2007), was an antitrust action against underwriting firms that marketed and distributed shares in initial public offerings. The plaintiffs in that case

We wrote the other day about New York State Attorney General Andrew Cuomo’s charges against Intel, and included some of the email Cuomo says he is relying on to press his action. See http://www.financialfraudlaw.com/lawblog/bribery-and-coercion-intel-that%E2%80%99s-what-cuomo%E2%80%99

You know how people often say “be careful what you write in e-mail”? Well, here are some great examples from New York State Attorney General Andrew Cuomo’s antitrust complaint, filed today, against Intel. Cuomo alleges that the following e-mail demonstrate Intel’s illegal activities (the descriptions are his):

New York State Attorney General Andrew Cuomo earlier today filed a federal antitrust lawsuit against Intel Corporation, the world’s largest maker of computer microprocessors. The suit charges that Intel violated state and federal anti-monopoly laws by engaging in a worldwide, systematic campaign of illegal conduct – revealed in e-mails – to maintain its monopoly power and prices in the market for microprocessors.