The Justice Department is on the verge of terminating more than 20 antitrust judgments that it deems defunct, including consent decrees with bygone companies like Pan American World Airways and Trans World Airlines.
The review period for the first slate of judgments on the chopping block ends May 25 and will be the first of many as the DOJ seeks to unwind roughly 1,300 legacy consent decrees. Most of these judgments have no set expiration dates, as it wasn’t until 1979 that the agency included sunset provisions in the settlements with companies.
Some of the decrees date back to the ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.