AMFA General Meeting - Virtual
12:00 pm on May 12, 2021
Free to attend
Keynote Presentation: Antitrust Training for Small and Mid-Size Manufacturers: Reducing Your Risk
Presented by: Mark Geier, Larkin Hoffman Law Firm
While people often associate “antitrust” with monopolies, many significant civil and criminal penalties have been assessed against small and midsize companies that have no monopoly power. This seminar will address the specific antitrust laws that are relevant to you, the rules your company needs to follow today, and the training and policies that reduce your risk and liability for alleged violations. This seminar will equip you to defend against a complaint whether it originates with a customer, a competitor, a disgruntled former employee, or a government agency that you serve.
President Biden and Senator Klobuchar, Chair of the Senate Judiciary Subcommittee on Antitrust, have both announced plans to toughen antitrust laws and prioritize the enforcement of those laws in both criminal and civil matters. Small and mid-size businesses have often felt immune to antitrust risks. However, they are mistaken. There is one federal act that is specifically directed at monopolies. Meanwhile, there are several other federal antitrust acts, and a patchwork of 50 state antitrust laws, equally important, that define and sanction antitrust violations. Our seminar will focus on antitrust issues that affect manufacturers of all sizes in their daily operations.
In this fast-paced seminar, we will address what types of conduct and contract terms are permitted and prohibited under antitrust law, and explain the standards used to determine compliance with the laws. We will also address recent recommendations from the FTC and the Department of Justice in terms of policies and training, that will reduce your company’s liability and damages if you or one of your employees is found to have violated the law. Finally, we will look at the most frequent sources of complaints and the impact of a new “whistleblower” statute that is under consideration.
Presenter: Mark Geier, Larkin Hoffman Law Firm
Mark is a shareholder at Larkin Hoffman Law Firm in Bloomington, MN, and has served manufacturers in Minnesota and Wisconsin for over 35 years. He is recognized for his practical advice on strategic planning and day-to-day operations. His practice spans all aspects of his client's business operations: purchase and sale of a business, shareholder agreements, nonqualified deferred compensation plans, employment and labor, patent and trademark registration and licensing agreements, financing, supply contracts, international sales, security agreements, regulatory compliance (federal and state), and disputes and dispute resolution.
Mark was instrumental in successfully obtaining the upfront sales tax exemption for capital equipment purchases in Minnesota. Mark led the effort at the State Capitol for over three years, in collaboration with Chief House sponsor, Rep. David Tomassoni (Chisholm). Mark served as the sole lobbyist in the state on the topic on a volunteer basis and represented AMFA, TSMA, and his registered organization MPMA.