By: Todd Ruger
Posted: Aug. 1st, 2012
Whistleblowers would get more protections for reporting criminal antitrust violations to the Department of Justice under new legislation introduced Tuesday by Sens. Patrick Leahy (D-Vt.) and Chuck Grassley (R-Iowa ), the top members of the Senate Judiciary Committee.
The Criminal Antitrust Anti-Retaliation Act would provide a civil remedy for those who are retaliated against for reporting violations such as price fixing, market allocation and bid rigging, which can result in reduced competition and more overcharges for businesses and consumers.
The bipartisan bill is based on the results of the General Accountability Office’s 2011 study on enforcing antitrust laws, where antitrust attorneys and law professors broadly supported the addition of that remedy because it would motivate more people to come forward with evidence.
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