Negotiations over appropriate administrative penalty

Genesis was retained by Columbus Steel's attorneys to assist in assessing the economic aspects of consent order negotiations with the Competition Commission relating to alleged scrap metal cartel activity. The project team undertook a detailed economic analysis of the actual effect of the alleged behaviour.

The process included determining the affected purchases upon which the penalty would be based as well as to what extent the alleged behaviour had resulted in actual effects. Other potentially mitigating factors were also assessed in determining an appropriate penalty.