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<br /> NOVEMBER 2018<br /> Overview of Current Cartel Investigations<br /> Although the third quarter of 2018 saw guilty pleas and new indictments in several current Department of Justice (DOJ) investigations, 2018 continues a downward<br /> trend in antitrust enforcement. At its current pace, DOJ's annual 2018 fines will end around $300 million—well short of the billion-dollar plus highs in 2014 and 2015,<br /> during the height of the auto parts and foreign exchange investigations. The same downward trends exists in the EU, where the European Commission did not render<br /> any cartel decisions in the third quarter of 2018. Nonetheless, in a sign of things to come, the Commission took significant procedural steps in the ethanol benchmarks<br /> and car emissions cases.<br /> US Developments<br />  We learned of two new DOJ investigations in the third quarter. First, two executives were arrested on charges of fixing prices of freight forwarding services of<br /> con<a title="Cartel Snapshot November 2018 page 1" href="http://viewer.zmags.com/publication/6c6c3ba6?page=1"> NOVEMBER 2018 Overview of Curr</a> <a title="Cartel Snapshot November 2018 page 2" href="http://viewer.zmags.com/publication/6c6c3ba6?page=2"> CARTEL SNAPSHOT EU Developments  </a> <a title="Cartel Snapshot November 2018 page 3" href="http://viewer.zmags.com/publication/6c6c3ba6?page=3"> CARTEL SNAPSHOT  65 individuals indicted </a> <a title="Cartel Snapshot November 2018 page 4" href="http://viewer.zmags.com/publication/6c6c3ba6?page=4"> CARTEL SNAPSHOT  Follow-on civil litigatio</a> <a title="Cartel Snapshot November 2018 page 5" href="http://viewer.zmags.com/publication/6c6c3ba6?page=5"> CARTEL SNAPSHOT FOREIGN CURRENCY EXCHANGE </a> <a title="Cartel Snapshot November 2018 page 6" href="http://viewer.zmags.com/publication/6c6c3ba6?page=6"> CARTEL SNAPSHOT INTERNATIONAL SHIPPING </a> <a title="Cartel Snapshot November 2018 page 7" href="http://viewer.zmags.com/publication/6c6c3ba6?page=7"> CARTEL SNAPSHOT INTERNATIONAL FREIGHT FORWARDI</a> <a title="Cartel Snapshot November 2018 page 8" href="http://viewer.zmags.com/publication/6c6c3ba6?page=8"> CARTEL SNAPSHOT POLYURETHANE INDUSTRY—NEW FOR </a> <a title="Cartel Snapshot November 2018 page 9" href="http://viewer.zmags.com/publication/6c6c3ba6?page=9"> CARTEL SNAPSHOT according to which a p</a> <a title="Cartel Snapshot November 2018 page 10" href="http://viewer.zmags.com/publication/6c6c3ba6?page=10"> CARTEL SNAPSHOT For more information, ple</a>