The Joseph Saveri Law Firm is investigating the hiring practices of JP Morgan Chase and Barclays to determine whether these two Wall Street firms have had an agreement to restrict hiring from one another. The United States Department of Justice and Federal Trade Commission have recently issued guidance that such restrictions, including “no poach” agreements, violate antitrust laws. No-poaching agreements “eliminate competition in the same irredeemable way as agreements to fix product prices or allocate customers.” (Department of Justice/Federal Trade Commission Antitrust Guidelines for HR Professionals) They are analogous to “hardcore cartel conduct.” In particular, “[a]n agreement among competing employers to limit or fix the terms of employment for potential hires may violate the antitrust laws if the agreement constrains individual firm decision-making with regard to . . . terms of employment; or even job opportunities.”