The Sherman Act, passed by the U.S. congress in 1890, is a set of laws which outlaws monopolies and anti-competitive business practices in the United States. The Supreme Court has ruled that the Sherman Act does not outlaw any restraint on trade by large companies, but rather restraints on trade which are deemed unreasonable. Business practices which are almost always deemed illegal by the act include agreements to fix prices, segment markets between firms, or to rig bids for contracts.
The three largest fines handed out by the U.S. Department of Justice all were given out in 2017, as the department fined Citicorp, Barclays, and JPMorgan Chase in relation to foreign currency exchange offenses.
Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022
(in millions of U.S. dollars)
Companies awarded fines by the U.S. Department of Justice
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US Department of Justice. (February 3, 2022). Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022 (in millions of U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/
US Department of Justice. "Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022 (in millions of U.S. dollars)." Chart. February 3, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/
US Department of Justice. (2022). Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022 (in millions of U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/
US Department of Justice. "Fifty Largest Criminal Fines and Penalties given by The U.S. Department of Justice to Companies for Violating The Sherman Act as of 2022 (in Millions of U.S. Dollars)." Statista, Statista Inc., 3 Feb 2022, https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/
US Department of Justice, Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022 (in millions of U.S. dollars) Statista, https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/ (last visited November 23, 2024)
Fifty largest criminal fines and penalties given by the U.S. Department of Justice to companies for violating the Sherman Act as of 2022 (in millions of U.S. dollars) [Graph], US Department of Justice, February 3, 2022. [Online]. Available: https://www.statista.com/statistics/1339580/sherman-act-violations-fines-penalties/
