Antitrust Fines Climb in U.S., Europe, Law Firm Says
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Global penalties for antitrust violations are expected to reach record levels in 2014 as regulators step up enforcement, according to a report by a London-based law firm.
The U.S. Department of Justice’s antitrust division has already levied fines of $709 million in the first half of fiscal 2014, more than three times the amount in the first half of fiscal 2013, the report by Allen & Overy LLP found. The European Commission has imposed penalties of 1.41 billion euros ($1.92 billion), compared to 1.9 billion euros in all of 2013.