In The News

Coronavirus Will Likely Lead to More Cartels, Ex-DOJ Official Warns

Global Competition Review

21 Apr 2020

Lisa Phelan was featured in Global Competition Review’s coverage of the American Bar Association Virtual Spring Meeting podcast, “Whatever Happened to Global Cartel Enforcement?” where she discussed with a panel of leaders in cartel enforcement how the coronavirus pandemic is likely to lead to an increase in cartels and global cartel enforcement.

On the podcast, Lisa said that when the economy is not robust, or there is a crisis or declining market, companies and executives can feel “a real pressure” to “put a floor on prices or deal with their competitors” to divide the market.

Lisa also warned that there is ‘too much of a temptation” for competitors to coordinate and “there will be an uptick again in global cartel investigation and prosecution.”

Read the full article (subscription required). For access to the podcast and all Virtual Spring Meeting content, visit ourcuriousamalgam.com.

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