New Federal Law Protects Standards Development Organizations, Increases Penalties in Criminal Antitrust Cases, and Strengthens DOJ Leniency Program
On June 22, 2004, President Bush signed into law legislation that amends the antitrust laws in several important respects. The law contains three distinct acts. The first is the Standards Development Organization Advancement Act 2004 (the “SDOAA”). The SDOAA in part limits the civil antitrust liability of standards development organizations (“SDOs”). In addition, the law includes the Antitrust Criminal Penalty Enhancement and Reform Act of 2004, which greatly increases the maximum penalties for antitrust violations and strengthens the existing amnesty program offered to whistleblowers by the Department of Justice (“DOJ”). Finally, the legislation alters the Tunney Act, which applies to a district court’s review of an antitrust consent decree. View full article (PDF).