Corporate & Securities Law

DOJ Loses Another Criminal Price Fixing Trial

By Matthew S. Wild

On November 10, 2008, the DOJ Antitrust Division’s criminal section lost another high profile criminal price fixing trial. This time the individual defendant was acquitted of alleged participation in the highly publicized marine hose cartel that had resulted in numerous guilty pleas.  After a two-week trial, the jury returned a verdict in less than two hours.  Paul Calli, Michael Pasano and Marissel Descalzo of Carlton Fields, P.A. represented the defendant.  (Carlton Fields press release)  The criminal section has lost a number of high profile trials recently — DRAM (hung jury; decision not to re-prosecute) and magazine paper.

Full post as published by Antitrust Commentary on November 16, 2008 (boomark / email).