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DOJ antitrust division collects record-breaking fines in 2012

The $1.35 billion total came from 14 companies, most of which are based in the Asia-Pacific region

The Department of Justice (DOJ) certainly wasn’t shy about punishing companies that were naughty this year. On the heels of the agency’s announcement that it issued a record $5 billion in False Claims Act penalties in the 2012 fiscal year comes the news that its antitrust division also collected a record $1.35 billion in criminal fines during the same period, according to an analysis from Allen & Overy Partner John Terzaken.

Terzaken, who previously was the antitrust division’s director of criminal enforcement, notes that just 14 corporations were responsible for the hefty penalties. Leading the pack was electronics manufacturer AU Optronics, which was hit with a $500 million fine for fixing prices on liquid crystal display panels. Close behind was Yazaki Corp., a Japan-based automotive parts supplier that paid $470 million for price-fixing in the auto parts market. 

Alanna Byrne

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