Law Professor: Corporate Collusion is Still Profitable
June 1, 2015
Contact: University Relations
Phone: 410.837.5739
In an article he co-wrote for the Northwestern, University of Baltimore School of Law Professor Robert Lande says there is more the Department of Justice must do to prevent price fixing and other corporate lawbreaking.
The Department of Justice's Antitrust Division, "for years the world's gold standard for anti-cartel enforcement, boasts a forceful arsenal. Its use of leniency and amnesty programs, increased fines and prison sentences—which now average 25 months—have helped the division prevent and deter price fixing," Lande and his colleagues write. "It is imperative, however, that DOJ acquire some new tools to address the economic challenges associated with the individual incentive provided by some employers.
"First, as part of plea agreements with corporations, DOJ should insist that the corporate defendant agree not to hire or rehire anyone who has been convicted of price fixing. These bans should remain for a substantial period—say, five years after the employee gets out of prison."
Read the article.
Learn more about Prof. Lande.