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US Justice Department warns against price-fixing amid disruptions

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Assistant Attorney General Jonathan Kanter: “The Antitrust Division will not allow companies to collude in order to overcharge consumers under the guise of supply chain disruptions.” Photo: Win Mcnamee / Getty Images via AFP

The US Justice Department warned companies on Thursday against exploiting supply chain disruptions caused by the COVID-19 pandemic to fix prices. “Temporary supply chain disruptions should not be allowed to conceal illegal conduct,” Assistant Attorney General Jonathan Kanter said in a statement. “The Antitrust Division will not allow companies to collude in order to overcharge consumers under the guise of supply chain disruptions,” Kanter said. Luis Quesada, assistant director of the Criminal Investigative Division at the FBI, said “the lingering challenge of supply chain disruptions from the COVID-19 pandemic has created an opportunity for criminals to fix prices and overcharge customers. “The FBI and our law enforcement partners will continue to collaborate and investigate schemes that violate our antitrust laws and stifle our economic recovery,” Quesada said. The Justice Department did not identify any specific industries but noted that supply chain disruptions have impacted a variety of sectors ranging from agriculture to health care. It said it would “proactively investigate collusion in industries particularly affected by supply disruptions”. The Justice Department also...


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