---

name: investigation-summary language: en description: Produces structured antitrust investigation summaries for executives and counsel. Triggers on FTC/DOJ probes, state AG investigations, foreign competition authority inquiries, merger investigations, CIDs, subpoenas, or dawn-raid responses. tags:

• regulatory
• summarization
• summary

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Antitrust Investigation Summary

Decision-ready antitrust investigation brief with evidence-linked chronology, legal theories, and business risk assessment.

Quick Start

Gather before drafting:

• Regulatory process documents (CIDs, subpoenas, Second Requests, notices)
• Internal investigation materials (interview memos, forensic reviews, privilege logs)
• Market data (shares, competitors, pricing, entry barriers)
• Public sources (press, filings, complaints, consent decrees)
• Current status (deadlines, productions, negotiations)

Workflow

1. Build Key-Facts Table

Populate and resolve gaps before drafting.

Field	Detail
Investigating Authority	Agency, division, lead office, contact(s)
Matter Type	Conduct, merger, or industry sweep
Alleged Conduct	Price-fixing, monopolization, exclusive dealing, etc.
Market Definition	Product and geographic market as asserted
Statutory Hooks	Sherman §1/§2, Clayton §7, FTC Act §5, state/foreign provisions
Initiation Trigger	Complaint, market study, HSR, dawn raid, etc.
First Notice Date	Date and instrument
Procedural Posture	Inquiry, formal investigation, litigation, appeal
Key Deadlines	Production dates, meetings, milestones
Exposure Signals	Penalties, remedies sought, damages claims
Remediation	Compliance changes, business changes

2. Draft Summary

Use this template. Cite every factual assertion with [source: <id>].

ATTORNEY-CLIENT PRIVILEGED & WORK PRODUCT
CONFIDENTIAL — ANTITRUST INVESTIGATION SUMMARY

**Executive Overview**
Agency:
Matter Type:
Alleged Conduct:
Market:
Current Status:
Immediate Decisions/Actions:

**Chronology**
| Date | Event | Source | Notes |
|---|---|---|---|

**Allegations & Legal Theories**
| Theory | Conduct | Market Definition | Statutes | Evidence |
|---|---|---|---|---|

**Market & Industry Context**
- Market structure and shares:
- Key competitors:
- Barriers to entry:
- Industry dynamics or consolidation:

**Procedural Status**
- Steps completed:
- Outstanding requests:
- Upcoming milestones:

**Company Response**
- Cooperation posture:
- Privilege/objections asserted:
- Internal investigation steps:
- Remedial measures:

**Outcomes / Scenarios**
- If closed: disposition and conditions.
- If ongoing: likely outcomes and timelines.

**Risk Assessment**
| Risk Category | Exposure | Drivers | Mitigation |
|---|---|---|---|

**Compliance Actions**
- Immediate controls:
- Medium-term enhancements:
- Training or policy updates:

3. Multi-Jurisdiction Matters

If multiple authorities are involved, create one subsection per authority and a consolidated risk section.

Pitfalls

• Allegations vs. facts: Separate clearly; never speculate.
• Missing data: Flag with [VERIFY], especially for uncertain statutes or foreign-law citations.
• Exact references: Use precise dates, agency names, and instrument titles — do not paraphrase.
• Inferences: Label explicitly and cite the underlying source.
• Merger matters: State the asserted theory of harm and any divestiture or behavioral remedy signals.
• Parallel proceedings: Include state AGs, EC, CMA, or other competition authorities as separate subsections.
• Privilege headers: Maintain ATTORNEY-CLIENT PRIVILEGED & WORK PRODUCT on every output.