Friday, November 7, 2008

Head of DOJ's Antitrust Division to Leave

A DOJ Press Statement issued by Attorney General Mukasey speaks to the resignation of Assistant Attorney General Thomas Barnett of the Antitrust Division. AG Mukasey states:

"Tom Barnett has been an effective enforcer of the antitrust laws and a strong advocate for consumers. Under his leadership, the Antitrust Division has increased cartel enforcement to record levels with unprecedented fines and prison sentences, improved the efficiency and efficacy of its merger enforcement, and enhanced cooperation with our foreign counterparts."

The Press Release also notes that:

"Under Barnett’s leadership, the Division obtained $1.8 billion in criminal fines against 50 corporations and 91 individuals. The average prison sentence for incarcerated defendants charged by the Division reached an all-time high of 31 months in FY 2007 with an overall average of 23 months during Barnett’s 3 ½ years as head of the Division. Foreign executives in international cartel cases also faced longer jail sentences, averaging 12 months in FY 2007."

What others are saying:

Joe Palazzola, BLT Law Blog, Barnett to Resign as Antitrust Chief

Trade Regulation Talk Blog, Barnett Resigns as Justice Department Antitrust Chief


Antitrust, Prosecutors | Permalink

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