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It is “well established by now that the Sherman Act applies to foreign conduct that was meant to produce and did in fact produce some substantial effect in the United States.” (Hartford Fire Ins. Co. v. California, 509 U.S. 764, 796 (1993)). If that “substantial effect” is the result of a price-fixing agreement made abroad, the U.S. Department of Justice and injured private plaintiffs may invoke criminal, civil and treble-damage remedies under the antitrust laws.

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