Companies That Disclose Antitrust Crimes Set to Lose Perks (1)

June 19, 2020, 9:30 AM UTCUpdated: June 19, 2020, 6:23 PM UTC

Corporations that disclose price-fixing and other federal antitrust violations are set to lose a significant benefit that’s helped shield them from excessive damages in private civil suits.

A nearly 16-year-old law, known as the Antitrust Criminal Penalty Enhancement & Reform Act (ACPERA), affords some protection from follow-on civil antitrust lawsuits for companies that are the first to self-report collusive conduct to the Justice Department and gain leniency in federal prosecutions.

However, the statute, which has benefited companies such as Samsung and ‘Chicken of the Sea’ tuna producer Thai Union Group, will expire June 22 unless Congress reauthorizes it. So far, ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.