Ted Banks Speaks on ABA Antitrust Section Webinar
On March 15, 2013, Ted Banks was a speaker on a webinar presented by the ABA Antitrust Section - Compliance & Ethics Committee, "Antitrust Programs and the AU Optronics Case." In this case, the judge not only imposed a record-tying $500 million fine, but also honored the Division's recommendation to require an independent third-party antitrust compliance monitor - a first for an antitrust case. The judge also mandated the implementation of an effective compliance and ethics program. Some of the issues discussed were: Are independent compliance monitors the wave of the future for antitrust enforcement? What role should a compliance program play in an enforcement proceeding? What concerns unique to antitrust should companies consider as they implement a compliance program?