The Business of Private Antitrust Enforcement Slides.pdf · The Business of Private Antitrust...
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The Business of Private Antitrust Enforcement Albert A. Foer President www.antitrustinstitute.org
Transcript of The Business of Private Antitrust Enforcement Slides.pdf · The Business of Private Antitrust...
The Business of Private Antitrust Enforcement
Albert A. Foer President
www.antitrustinstitute.org
Federal Antitrust Activity Trends Data
Department of Justice Antitrust Division Federal Trade Commission
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
90 91 92 93 94 95 96 97 98 99 0 1 2 3 4 5 6 7 8 9 10
Total Funding Appropriated ($ in thousands)
Direct Appropriation Amount included in Appropriations Bill ($ in thousands)
Filing Fee Revenue Amount included in Appropriations Bill ($ in thousands)
Source: http://www.justice.gov/atr/public/atr-appropriation-figures-2010.html
Annual Budget of Antitrust Division
796 804
748
771 771 765
851
792
851 851 851 851 851
680
700
720
740
760
780
800
820
840
860
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 In 2010, there was 880 associate positions.
Source: http://www.justice.gov/02organizations/bpp.htm
Total Full-Time Equivalent (FTE) of Antitrust Division
0
100
200
300
400
500
600
700
800
900
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Attorneys Paralegals Economists Other (Clerks & Support Staffs) Total Staffing
Division’s Staffing Structure
0
50
100
150
200
250
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Sherman §1 - Restraint of Trade Sherman § 2- Monopoly Clayton § 7- Mergers Others
* Reflects primary types of conduct under investigation at outset. It does not include business reviews or premerger notifications, but includes second requests.
Total Investigations Initiated
(in accordance with primary type of conduct )*
418 444 459 464
444 461 491
517 527 544 559 600
72 74 73 70 73 80 38 39 41 40 44 42
0
100
200
300
400
500
600
700
2005 2006 2007 2008 2009 2010
Other Professionals Attorneys
Economists
Senior Managers
FTC’s Workforce Composition
1016 1005 1059 1093 1106 1133
470 457 489 502 509 512
0
200
400
600
800
1000
1200
2005 2006 2007 2008 2009 2010
Total FTE
FTE for the goal of maintaining competition *
* Goal of maintaining competition includes objectives such as: 1) Identify anticompetitive mergers and practices that cause the greatest consumer injury; 2) Stop anticompetitive mergers and business practices through law enforcement; 3) Prevent consumer injury through education; 4) Enhance consumer welfare through research, reports, advocacy, and international cooperation and exchange. Source: http://ftc.gov/opp/gpra/index.shtm
Total FTEs v. FTEs on Antitrust mission of FTC
Trends in Private Enforcement
598 580 645
858 723
826 762 752
818
986 1038
1318
812
544
0
300
600
900
1200
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Civil antitrust cases (total) Private cases U.S. cases (total)
Source: Federal Court Management and Statistics, Administrative Office of the U.S. Courts, http://www.uscourts.gov/Statistics/FederalCourtManagementStatistics.aspx
Civil Antitrust Cases Filed in U.S. District Courts
184 160
189
240
108
80
43 39 39 46 58
17 34
44
106
23 7 4 3 2
13 6 0
50
100
150
200
250
300
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Antitrust Private Civil Actions filed in State Courts
Antitrust Civil Actions filed in State Courts by States' Attorney Generals
Source: National Association of Attorney Generals (NAAG) Antitrust Multistate Litigation Database - Metrics
Antitrust Civil Actions Filed in State Courts
(in years 2000- 2010 )
(from 01/01/1999 through 10/14/2010, Source: Lexisnexis, Court Link, Nature of Suit Strategic Profile)
208
407
299 257
204
303
387
600 669
766
375
161
0
100
200
300
400
500
600
700
800
900
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Antitrust Class Actions Filed in Federal Courts
Antitrust Class Actions Filed in Federal District Courts
0
5
10
15
20
25
30
# of judges (number was same for years 2006- 2009) Average # Civil Antitrust Filings per Judge per year, 2006-2009
Average number of Civil Antitrust Filings per U.S. District Court
Judge Per Year, 2006- 2009: Top 20
2004 2005 2006 2007 2008 2009 Total terminations 779 840 617 686 818 1066 Before pretrial 428 543 352 394 539 632 During or after pretrial 88 36 53 31 56 134 During or after trial 10 13 10 22 9 4 No court action 253 248 202 239 214 266
0
200
400
600
800
1000
1200
Num
ber
of c
ases
term
inat
ed
Stages of Civil Antitrust Cases (government & private) at their
Termination: U.S. District Courts 2004-2009 (years ending March 31)
1.28 1.55 1.62
3.21
1.10 0.38
3.1
10.7
0 0
4.3
0
1.2 1.2 1.7
3.3
1 0.4
0.00
2.00
4.00
6.00
8.00
10.00
12.00
2004 2005 2006 2007 2008 2009
Average % of actions that reached trial % of Governmen actions that reached trial % of Private actions that reached trial
% of Civil Antitrust Cases filed in the U.S. District Courts that
reached trial
Price-fixing 71%
Monopolization 13%
Price-fixing, Monopolization
12%
Bid rigging 1%
Exchange of salary information
among competitors
1%
Price-fixing, Monopolization,
Bid rigging 1%
Racketeering activity 1%
Types of Antitrust Claims Made 103 MDL Cases (2000 – 2010)
Direct Purchasers; 77%
Direct & Indirect Purchasers; 17%
Indirect Purchasers; 3%
Retailers/ Merchants; 3%
Employees; 1%
Categories of Plaintiffs Class 103 MDL Cases (2000 – 2010)
2006 (n= 292) 2007 (n= 363)
Antitrust cases 26% 24 %
All the cases (in average)
13% 20%
* p. 24, Brian T. Fitzpatrick, An Empirical Study of Class Action Settlements and their Fee Awards, Public Law & Legal Theory Working Paper Number 10 -10, Vanderbilt University Law School, 7 Journal of Empirical Legal Studies (forthcoming 2010)
Fees
The total amount of fees and expenses awarded to class action lawyers in federal class action settlements in 2006 and 2007*
Fees Awarded
* p. 262, Theodore Eisenberg and Geoffrey P. Miller, Attorney Fees and Expenses in Class Actions Settlements: 1993- 2008, Volume 7, Issue 2, 248-281, June 2010
Mean Ratio
Median Ratio
Mean Fee (mi)
Median Fee (mi)
Mean Gross Recovery (mi)
Median Gross Recovery (mi)
Number of Cases
Antitrust cases
0.22 0.23 21.02 9.15 163.48 39.36 71
All the cases (Total in average)
0.23 0.24 12.84 2.33 116.01 12.50 689
Fee and Class Recoveries by Case Category 1993–2008 * (in millions of 2008 dollars)
The Business of Private Antitrust Enforcement
Albert A. Foer President
www.antitrustinstitute.org
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