January 3, 2022
Publication: Bloomberg Law
Companies and executives now face the risk of indictments as the U.S. Department of Justice (DOJ) moves to treat wage-fixing and no-poach antitrust cases as criminal, rather than civil, matters. Kobre & Kim’s Benjamin Sirota, a former U.S. federal antitrust prosecutor, examined the possible implications when he spoke with Bloomberg Law.
Since late-2020, the DOJ has brought before courts across the U.S. a string of wage-fixing and no-poach cases against executives from a variety of industries. “DOJ is going to try to send people to jail for this; it’s a pretty big deal,” Mr. Sirota said. While these criminal wage-fixing and no-poach antitrust cases have involved lesser-known companies for now, “it will be interesting to see if the next phase of this trend nets a bigger conspiracy,” he added.
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