The US Federal District court rules that the DoJ was entitled to seek disgorgement as a remedy for an alleged Sherman Act violation (KeySpan)

Can the Justice Department Seek Disgorgement for a Sherman Act Violation?* The federal district court in New York City ruled last week that the Department of Justice was entitled to seek disgorgement as a remedy for an alleged Sherman Act violation. The court approved a consent decree, which required KeySpan Corporation to surrender $12 million to the U.S. Treasury to settle a federal antitrust lawsuit brought nearly a year ago. In February 2010, the Department of Justice Antitrust Division filed a complaint against KeySpan, the largest supplier of electricity generating capacity in the New York City market, for violating Sec. 1 of the Sherman Act. The government contended that KeySpan entered into an agreement restraining competition in the New York City electricity capacity

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  • Wolters Kluwer (Riverwoods)

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Jeffrey May, The US Federal District court rules that the DoJ was entitled to seek disgorgement as a remedy for an alleged Sherman Act violation (KeySpan), 2 February 2011, e-Competitions February 2011, Art. N° 35889

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