New Jersey AG office launches dedicated antitrust protection unit

Kimberly Redmond//May 23, 2024//

The businessman controlling the market with strings

PHOTO: DEPOSIT PHOTOS

The businessman controlling the market with strings

PHOTO: DEPOSIT PHOTOS

New Jersey AG office launches dedicated antitrust protection unit

Kimberly Redmond//May 23, 2024//

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The New Jersey Attorney General’s Office created a permanent, standalone section within the Division of Law dedicated to protection.

A May 21 press release announced the Antitrust Litigation and Competition Enforcement Section (ALCEs). Attorney General Matthew Platkin said the unit will “empower New Jersey to better protect consumers and foster a fair marketplace.”

The new group is based in the Division of Law’s Newark office. It will work to enhance the state’s capabilities under New Jersey’s Antitrust Act. The AG’s office said the ALCEs will ensure that consumers and the market remain protected from monopolistic and anti-competitive behaviors.

In August 2022, Gov. Phil Murphy signed legislation amending the state’s antitrust statute to permit claims by indirect purchases harmed by anticompetitive conduct. The move enabled the Attorney General’s Office to pursue bad actors and obtain restitution at all levels of the supply chain, the AG’s office said.

Since then, New Jersey has become more actively involved in significant antitrust actions. That includes against major technology corporations – like Apple, Amazon and Google – as well as other industries, such as airline, retail, labor, health care and pharmaceutical. Regarding Apple, the DOL is local counsel for the federal and state plaintiffs.

The AG’s office noted Platkin’s commitment to addressing emerging antitrust issues in other sectors as well. It cited technology, housing and the food chain.

‘Anticompetitive behavior hurts everyone’

New Jersey Attorney General Matthew Platkin
Platkin

Platkin commented, “There is a pressing need in New Jersey for dedicated resources and specialized expertise for antitrust issues, which are becoming increasingly complex. As the Attorney General, I have the critical obligation to protect consumers and workers from the problems that result from unchecked monopolies and oligopolies.”

“With this move, we are acting to safeguard the interests of our residents and foster a fair and competitive marketplace for all,” he said.

DOL Director Michael T.G. Long added, “Anticompetitive behavior hurts everyone, and fighting it is a challenge.”

He thanked Platkin for his leadership on the matter and “for ensuring that New Jersey’s Antitrust Act is vigorously enforced.”

According to the AG’s office, the new unit will be within the DOL’s Affirmative Civil Enforcement Practice Group. A section chief and assistant section chief will lead the unit. Hiring efforts are underway for both positions.