DOJ Official Warns Of Anti-Competitive 'Information Exchange'

Law360 (September 14, 2020, 10:14 PM EDT) -- The U.S. Department of Justice's director of criminal enforcement on Monday warned of a dangerous game companies play when engaging in "information exchange" with competitors, a seemingly harmless endeavor that can lead to antitrust violations and give the department its most valuable firepower in tracking down offenders.

During a web conference put on by the Compliance & Ethics Institute, Marvin Price said these exchanges among competitors — sometimes seemingly innocuous and other times held in the "infamous smoke-filled hotel room" after trade shows — often lead to the most egregious price-fixing and bid-rigging violations.

"Some of our most powerful evidence of...

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