Joseph Saveri was a featured speaker at the U.S. Department of Justice Antitrust Division’s public roundtable to discuss the Antitrust Criminal Penalty Enhancement & Reform Act (“ACPERA”). ACPERA was enacted in 2004, creating greater incentives for corporations to self-report illegal conduct to the Department’s Antitrust Division by limiting the civil damages exposure of a company granted leniency under the Antitrust Division’s Leniency Policy to actual damages if the company provides civil plaintiffs with timely and satisfactory cooperation.
The roundtable provided a public forum for the Antitrust Division to engage with the antitrust community and gain insight from judges, attorneys, economists, academics, the business community, and other interested stakeholders on ACPERA. It consisted of three sessions of panel discussions with featured speakers. Participants agreed that ACPERA provides important benefits to leniency applicants and civil plaintiffs but differed on whether reforms were needed to help ACPERA achieve its goals of self-disclosure to the Division and cooperation in civil cases. Joe participated in Session Three: “Research and Views on ACERPA.”
The roundtable took place in the Anne K. Bingaman Auditorium & Lecture Hall on the lower level of the Liberty Square Building, 450 Fifth Street, NW, Washington, DC.