Justice Department Concludes Investigation of Omnicom and MDC
November 13 2018 - 10:23AM
Dow Jones News
By Alexandra Bruell
An investigation by the U.S. Justice Department into improper
production practices has ended for at least two ad-holding
companies, according to filings from Omnicom Group and MDC
Partners.
The Justice Department in 2016 launched an investigation into
whether advertising agencies manipulated the bidding process for
production and post-production work by persuading independent
companies to raise their prices to drive more business to their own
production and post-production shops, The Wall Street Journal
reported in December 2016.
"The Company received confirmation from the Division that its
investigation of the Company's subsidiaries has been closed without
any action taken against the Company, its subsidiaries or
employees," Omnicom said in an SEC filing.
During the investigation, the Justice Department subpoenaed two
Omnicom subsidiaries and one MDC firm, according to statements from
both companies.
"The DOJ confirmed that the foregoing investigation has been
closed, and all documents produced by the Company and its
subsidiary were returned to the Company," MDC said in a statement.
"The DOJ did not bring any charges against the Company or its
subsidiary."
Write to Alexandra Bruell at Alexandra.Bruell@wsj.com
(END) Dow Jones Newswires
November 13, 2018 10:08 ET (15:08 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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