Antitrust Violations
Conduct Screen Corporate Misconduct
Companies engaged in anti-competitive practices — price-fixing conspiracies, monopolistic behavior, market manipulation, bid-rigging, and abuse of dominant market position. Includes companies that have received significant antitrust enforcement from the DOJ, FTC, or European Commission.
33 companies currently excluded under this screen
Excluded Companies (33 total)
Showing 33 of 33 companies excluded under this screen.
| Ticker | Company | Reason |
|---|---|---|
| AAPL | Apple | In 2025, a U.S. federal judge allowed a landmark DOJ lawsuit to proceed, finding plausible evidence that Apple illegally monopolizes the smartphone market by suppressing "super apps," limiting cross-p... |
| ABBV | AbbVie Inc. | AbbVie paid $2.37B to settle claims of off-label promotion and kickbacks for Depakote, and faces ongoing antitrust litigation over Humira biosimilar patent thicket tactics. |
| ABEV | Ambev S.A. | In October 2023, the Brazilian Antitrust Authority (CADE) signed a "Cease and Desist" agreement with Ambev following investigations into exclusivity contracts with bars and restaurants. The agreement,... |
| AJG | ARTHUR J GALLAGHER & CO | Arthur J. Gallagher & Co. agreed to pay $27 million to resolve criminal charges for participating in an anticompetitive scheme to allocate customers and suppress competition in the surplus insurance b... |
| AMGN | Amgen Inc. | FTC 2023 settlement: 15-year prohibition on exclusionary rebate bundling practices that disadvantaged biosimilar competitors; settled with FTC and 9 state AGs |
| ANET | ARISTA NETWORKS INC | Arista Networks paid Cisco $400M (Aug 2018) to settle a four-year patent infringement dispute involving networking technology, with Arista dropping its antitrust counterclaims as part of the deal. The... |
| AVGO | BROADCOM INC | FTC charged Broadcom with illegal monopolization of semiconductor markets (2021); consent order bars exclusivity agreements. 14 penalty records totaling $556M per ViolationTracker — primarily price-fi... |
| CPT | CAMDEN PROPERTY TRUST | DOJ amended complaint (Jan 2025) names Camden Property Trust in hub-and-spoke RealPage algorithmic price-fixing conspiracy. Camden shared non-public lease prices, occupancy projections, and unit ameni... |
| CSGP | COSTAR GROUP INC | In June 2025, the U.S. Ninth Circuit Court of Appeals revived a major antitrust lawsuit (CoStar v. CREXi), ruling CoStar plausibly used monopoly power for anticompetitive conduct including "de facto e... |
| EMR | EMERSON ELECTRIC | $164.4M capacitor price-fixing settlement (2020). Emerson subsidiary participated in coordinated market manipulation as part of a major class-action involving multiple manufacturers. Direct evidence o... |
| EQR | EQUITY RESIDENTIAL | Equity Residential named in DOJ investigation of RealPage algorithmic rent-fixing cartel (2024); coordinated rent increases across major metros harming millions of tenants. Prior $770k DOJ Fair Housin... |
| EW | Edwards Lifesciences Corporation | FTC filed complaint (2024) to block Edwards Lifesciences acquisition of JenaValve and JC Medical, alleging intent to eliminate competitors in transcatheter aortic valve replacement (TAVR) market. EU i... |
| FDS | FACTSET RESEARCH SYSTEMS INC | A class-action antitrust lawsuit filed March 4, 2024 alleges FactSet Research Systems conspired with CUSIP Global Services, S&P Global, and the American Bankers Association to eliminate competition in... |
| FWONK | Liberty Media Formula One Corp Ser | Liberty Media Formula One Corp Ser is under investigation by the U.S. Department of Justice for potential antitrust violations related to its control of the Formula 1 World Championship. The investiga... |
| GOOGL | Alphabet Inc. | Federal court ruled Google unlawfully maintained monopoly in online search market through exclusionary distribution contracts (paying Apple ~$18B/year to be default search engine). DOJ prevailed Augus... |
| HEI | HeidelbergCement | Romania 2025: Romanian Competition Council fined Heidelberg Materials Romania ~€15M (Jan 2025) for price collusion with Holcim and CRH via information exchange through sales agents 2017-2018. Germany ... |
| HSIC | HENRY SCHEIN INC | Henry Schein was a primary defendant in massive MDL alleging conspiracy with Benco Dental and Patterson Companies to fix price margins and boycott buying groups. In June 2019, $80M class-action settle... |
| LIN | Linde | In April 2024, Chile's Fiscalía Nacional Económica (FNE) charged Linde Gas Chile and Indura (controlled by Air Products) with operating a cartel in industrial and medical gases. The FNE found that sta... |
| LYV | LIVE NATION ENTERTAINMENT INC | On May 23, 2024, the U.S. Department of Justice filed an antitrust lawsuit against Live Nation Entertainment Inc. and its subsidiary Ticketmaster, alleging monopolization and anticompetitive practices... |
| MA | MASTERCARD INC | In May 2023, the FTC finalized a consent order finding that Mastercard used "illegal business tactics" to force merchants onto its debit payment network, violating the Durbin Amendment's requirement t... |
| MAA | MID AMERICA APARTMENT COMMUNITIES INC | Mid-America Apartment Communities (nearly 100,000 units) agreed to pay $53M (two $26.5M installments starting Mar 2026) to settle its portion of a sweeping class-action alleging the nation's largest a... |
| META | Meta Platforms, Inc. | In November 2024, the European Commission fined Meta EUR797.7 million for tying Facebook Marketplace to Facebook, finding Meta abused its dominant position by imposing unfair trading conditions on com... |
| MMC | MARSH & MCLENNAN COMPANIES INC | Marsh & McLennan Companies Inc. agreed to pay $850 million in restitution and penalties to settle charges of anticompetitive practices in the insurance brokerage industry, as announced by the DOJ on J... |
| NOW | SERVICENOW INC | DOJ launched an in-depth antitrust review (June 2025) of ServiceNow's $2.85B acquisition of Moveworks, an enterprise AI company, issuing a second request for information to both companies. Concern cen... |
| NVDA | NVIDIA Corporation | In September 2025, China’s State Administration for Market Regulation (SAMR) issued a formal finding that NVIDIA violated the Anti-Monopoly Law (AML) by breaching the behavioral conditions tied to its... |
| PBI | Pitney Bowes Inc. | Pitney Bowes controls approximately 70% of the U.S. postal meter market and has faced repeated antitrust litigation over monopolistic practices. In 2020, Pacific Office Automation filed suit in Oregon... |
| POOL | POOL CORP | The FTC charged Pool Corporation with anticompetitive tactics from 2003 to 2011, alleging it threatened manufacturers to prevent them from selling to new distributors, maintaining monopoly power in po... |
| PSKY | PARAMOUNT SKYDANCE CORP | Paramount Skydance is under active DOJ antitrust investigation regarding its proposed $110.9 billion acquisition of Warner Bros. Discovery. The DOJ issued subpoenas to evaluate how the mega-merger wou... |
| RHHBY | ROCHE HLDGS AD GENUSSCHEINE NPV | F. Hoffmann-La Roche led a nine-year international vitamin price-fixing cartel (1990-1999) that manipulated prices on vitamins A, B2, B5, C, E, and Beta Carotene used in nutritional supplements, human... |
| SNPS | SYNOPSYS INC | FTC alleged Synopsys's $35B acquisition of Ansys (announced 2024) would eliminate head-to-head competition in three critical semiconductor design software markets: optical tools, photonic device simul... |
| SPGI | S&P GLOBAL INC | The DOJ required S&P Global Inc. and IHS Markit Ltd. to divest assets related to their oil price reporting and coal, metals, and mining data businesses to proceed with their merger, citing anticompeti... |
| V | VISA INC | The U.S. Department of Justice filed a civil antitrust lawsuit in September 2024 alleging Visa holds an illegal monopoly over U.S. debit card transactions — controlling over 60% of the market and extr... |
| VRSN | VERISIGN INC | The U.S. Department of Justice required Verisign to divest its web security business as a condition for proceeding with its acquisition of Symantec's website security business to address anticompetiti... |
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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