EAST ST. LOUIS, Ill. – A former Aldi executive and a general contractor from Breese, Illinois, admitted guilt to federal fraud offenses which involved rigging the bid system for construction projects of grocery stores throughout southern Illinois and Missouri. Louis R. Ross, Sr., 64, of St. Louis, pleaded guilty to one count of conspiracy to
The Justice Department and Federal Trade Commission (FTC) jointly launched a public inquiry to identify serial acquisitions and roll-up strategies throughout the U.S. economy that have led to consolidation and harmed competition. Serial acquisitions and roll-ups are a form of corporate consolidation where a company becomes larger — and potentially dominant — by buying several
The Justice Department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against Live Nation Entertainment Inc. and its wholly-owned subsidiary, Ticketmaster LLC (Live Nation-Ticketmaster) for monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry. The lawsuit, which includes a request for structural relief, seeks
A former sales employee of a manufacturer and distributor of football helmets and other sports equipment pleaded guilty today for his role in three separate conspiracies — two conspiracies to rig bids in violation of the Sherman Act and one conspiracy to commit wire fraud — all related to sports equipment for schools located in
The Justice Department today announced the formation of the Antitrust Division’s Task Force on Health Care Monopolies and Collusion (HCMC). The HCMC will guide the division’s enforcement strategy and policy approach in health care, including by facilitating policy advocacy, investigations and, where warranted, civil and criminal enforcement in health care markets. “Every year, Americans spend
