Five more board members resign in DOJ antitrust sweep
By
Adrianne Appel2023-03-09T21:13:00
Five more corporate board members resigned after being flagged by the Department of Justice (DOJ) for potentially violating the antitrust provisions of the Clayton Act.
A total of 13 board members have now resigned, including those announced Thursday by the DOJ in a press release.
Companies have been on notice since an April 2022 speech by Assistant Attorney General Jonathan Kanter warning the DOJ intended to step up its enforcement of Section 8 of the Clayton Act, which prohibits directors and officers from sitting on boards of competing businesses.