When a cartel subpoena lands, a dawn raid unfolds, or a competitor files suit, Angelo Russo is the lawyer clients call. For more than 20 years, he has defended companies and executives in antitrust matters that can define a business — international cartel probes, DOJ and FTC investigations, state AG enforcement actions, and bet-the-company civil litigation in federal and state courts and arbitration tribunals worldwide.
Angelo has persuaded enforcement authorities to close investigations without action, secured non-prosecution agreements and leniency protection, and achieved favorable outcomes for clients in competitor disputes across industries including health care, life sciences, manufacturing, transportation, and financial services. His matters span the full antitrust landscape: price fixing, bid rigging, wage fixing, no-poach agreements, market allocations, monopolization, tying, exclusive dealing, and unfair and deceptive trade practices.
Beyond the courtroom, Angelo is a trusted counselor on the questions clients face every day — competitor collaborations, information exchanges, pricing and distribution strategies, MFN provisions, and non-compete and non-solicitation agreements. He designs antitrust and anti-corruption compliance programs for multinationals, leads sensitive internal investigations, and routinely assists boards and in-house teams find risk before regulators do. His practice also encompasses related high-stakes litigation and enforcement matters, including civil RICO, healthcare litigation, false claims and qui tam matters, and white-collar criminal defense.
Angelo speaks and writes frequently on antitrust enforcement, compliance, healthcare, and life sciences topics. A longtime leader within the ABA Antitrust Law Section, he currently serves as Vice Chair of the Exemptions & Immunities Committee. Chambers USA has consistently recognized him for his work, and he is named among the Lawdragon 500 Leading Global Antitrust & Competition Lawyers.
Community Involvement
Angelo has long been a dedicated champion of Special Olympics Illinois, serving on its Board of Directors since 2014. He has worked alongside fellow board members to drive fundraising, shape policy, and advocate for year-round opportunities in sports, health education, leadership, and personal development for Illinois athletes and their families.
Litigation
- Representation of a higher education institution in a putative class action alleging a conspiracy to inflate tuition costs through consideration of noncustodial parents’ financial information in aid determinations, securing dismissal at the pleadings stage.
- Representation of a manufacturer of locomotives and locomotive technology in an affirmative action against a competitor alleging monopolization, attempted monopolization, and deceptive trade practices, obtaining a favorable pre-trial settlement.
- Representation of a healthcare company in a class action alleging no-poach and wage-fixing conspiracies.
- Representation of a food processing company in an antitrust class action alleging information sharing and wage suppression.
- Representation of a staffing services agency in a lawsuit brought by the Illinois Attorney General involving allegations of wage fixing and no-poach agreements, obtaining a favorable settlement.
- Representation of a significant financial services company in a class action alleging an illegal agreement with a competitor not to hire each other’s employees, obtaining a favorable settlement.
- Representation of a global food company in an antitrust class action alleging a conspiracy to inflate prices through restricting production and sharing nonpublic data about supply and demand.
- Representation of a financial institution in a bid rigging investigation by the U.S. Department of Justice and the Oregon Department of Justice.
- Representation of a trade association in drafting an amicus curiae brief in a criminal no-poach case brought by the Antitrust Division of the U.S. Department of Justice.
- Representation of Fresenius Kabi as a plaintiff in antitrust litigation alleging unlawful exclusive dealing relating to the supply of an active pharmaceutical ingredient.
- Representation of multiple high-level executives in investigations brought by the Antitrust Division of the U.S. Department of Justice involving the pharmaceutical and manufacturing sectors.
- Representation of a manufacturer of copper press fittings in an affirmative action against a competitor alleging illegal tying, obtaining a favorable settlement.
- Representation of a major manufacturer of lubricants in an affirmative action involving attempted monopolization and contract claims, obtaining a settlement valued at over $100 million.
- Representation of a hospital as a plaintiff in antitrust litigation alleging exclusive dealing, monopolization, and attempted monopolization claims against a major hospital system in Central Illinois.
- Representation of a domestic ocean container shipping company in a criminal investigation by the Antitrust Division of the U.S. Department of Justice regarding price-fixing of ocean transportation rates between the continental United States and Alaska, Hawaii, and Puerto Rico, and defense of related treble-damage actions brought by customers. United States v. Horizon Lines, Inc. (D.P.R.) and In re Puerto Rican Cabotage Antitrust Litigation, MDL 1960 (D.P.R.).
- Representation of an industry-leading manufacturer in a global cartel investigation involving simultaneous government investigations in the United States, Canada, and Europe.
- Representation of a major carrier of liquid chemicals in parcel tanker vessels in an international cartel investigation and related treble-damage actions alleging price fixing and bid rigging. In re Parcel Tanker Antitrust Litigation (D. Conn.).
- Representation of a manufacturer in an investigation of the ready-mix concrete and cement industry by the Antitrust Division of the U.S. Department of Justice.
- Representation of an executive in a criminal investigation of the capacitor industry by the Antitrust Division of the U.S. Department of Justice.
- Representation of an executive in a criminal investigation of the automotive parts industry by the Antitrust Division of the U.S. Department of Justice.
- Representation of an ambulatory surgery center as a plaintiff in antitrust litigation alleging tying, bundling, and exclusive dealing claims against a major hospital system in Central Illinois. Peoria Day Surgery Center v. OSF Healthcare System, Case No. 06-1236 (C.D. Ill.).
Corporate Counseling
- Development of expedited internal investigations into possible anticompetitive conduct and securing admission into the U.S. Department of Justice’s Corporate Leniency Program.
- Development and implementation of proactive antitrust audits for multinational corporations across North America, South America, and Europe in industries including transportation, paper products, chemicals, construction, and packaging and building materials.
- Development and implementation of antitrust compliance programs, along with training programs and seminars for clients and their employees.
- Advice on pricing and distribution issues, including resale price maintenance, exclusivity, bundled discounts, most-favored-nation clauses, and price discrimination.
Events
- Panelist, "Rigorous Enough? Revisiting Class Cert Standard," ABA Section of Antitrust Law Spring Meeting, March 25, 2026
- Speaker, Antitrust & Competition Update: Back-to-School Edition, September 14, 2023
- Speaker, Antitrust & Competition Update, April 27, 2023
- Speaker, Antitrust & Competition Update, January 26, 2023
- Speaker, "Hot Button Antitrust Issues for Life Science Companies," 9th Annual Pharmaceutical and Medical Device Conference, Chicago, IL, November 16, 2017
- Speaker, "Antitrust 101: Does and Don’ts to Protect Your Company," Antitrust 101: Does and Don’ts to Protect Your Company, October 23, 2017
- Speaker, "Are You the Victim of an Antitrust Violation?," Hot Topics in Antitrust Compliance and Enforcement Conference, McGuireWoods LLP Conference, October 12, 2017
- Speaker, "Current Issues in Antitrust," Compliance in the Real World: A Practical Discussion About Today’s Top Issues, McGuireWoods LLP Conference, May 17, 2017
- Speaker, "Part One: Healthcare Litigation - Out of Network, False Claims Cases and Antitrust Issues," Healthcare Webinar Series, March 9, 2017
- Speaker, "Antitrust Hypotheticals – LIVE! ," Hot Topics in Antitrust Compliance and Enforcement, McGuireWoods Seminar, December 7, 2016
- Panelist, "Hot Button Antitrust Issues for Life Science Companies," 8th Annual Pharmaceutical and Medical Device Conference, McGuireWoods LLP, November 10, 2016
- Panelist, "A Town Hall Meeting," American Bar Association Section of Antitrust Law, The Competition Torts Committee, October 11, 2016
- Speaker, "Healthcare Investigations & Litigation: Whistleblower Suits to FTC Antitrust Actions and Beyond," 13th Annual Healthcare and Life Sciences Private Equity and Finance Conference, February 24, 2016
- Speaker, "Antitrust Hot Topics," Hot Topics in Antitrust Compliance, McGuireWoods LLP Seminar, October 14, 2015
- Moderator, "Provider and Payor Transactions: Avoiding Antitrust Pitfalls," Annual Healthcare Litigation Conference, May 6, 2015
- Speaker, Antitrust Issues for Healthcare Providers, McGuireWoods LLP Healthcare Webinar, March 18, 2015
- Speaker, "Antitrust Compliance and Other Hot Compliance Topics in the Medical Device Industry," 6th Annual Medical Device and Life Sciences Conference, November 18, 2014
- Speaker, "Antitrust in Healthcare," 9th Annual Healthcare Provider Conference, September 18, 2014
- Panelist, "The Development of a Hospital Antitrust Case," Healthcare Litigation Conference, McGuireWoods LLP, April 8, 2014
- Speaker, 8 Key Trends in Healthcare False Claims and Antitrust Litigation, McGuireWoods LLP Webinar, March 12, 2014
- Panelist, "Antitrust Compliance in ‘3D’ – Hot Topics in Antitrust," Antitrust Compliance in ‘3D’ – Hot Topics in Antitrust, October 2013
- Panelist, Association of Corporate Counsel, Chicago Chapter, Association of Corporate Counsel, Chicago Chapter, October 2013
- Speaker, "Antitrust Issues in the Device and Life Sciences Sector," 4th Annual Medical Device & Life Sciences Conference, November 8, 2012
- Speaker, "Emerging Issues in ASC and Healthcare Litigation," ASC Communications 19th Annual Ambulatory Surgery Centers Conference, October 26, 2012
- Panelist, "False Claims, Anti-Kickback Investigations and Other Common Issues of Litigation," Becker’s Hospital Review Annual Meeting – ACOs, Physician-Hospital Integration, Improving Profitability and Key Specialties, May 18, 2012
- Speaker, "Antitrust Concerns in Medical Device Pricing and Reimbursement," ACI In-House Counsel Forum on Medical Device Pricing & Reimbursement, 2011
- Speaker, "Antitrust Concerns in Medical Device Pricing," 2nd Annual Medical Device, Durable Medical Equipment & Diagnostics Conference, McGuireWoods LLP Seminar, November 3, 2010
- Speaker, "Antitrust Concerns in Medical Device Pricing and Reimbursement," ACI In-House Counsel Forum on Medical Device Pricing & Reimbursement, 2010
- Speaker, Recent Developments in Antitrust: A Prescription for Compliance, July 14, 2009
Insights
- Author, "Class Certification Challenges Involving Two-Sided Transaction Platforms: Predominance, Injury, and Damages," ABA Section of Antitrust Law Spring Meeting, February 25, 2026
- Author, Seventh Circuit Requires District Courts to Resolve “Battle of Experts” Before Deciding Class Certification, McGuireWoods Legal Alert, August 20, 2025
- Author, DOJ Gets First Guilty Verdict for Labor Market Collusion, A Caution to Employers, McGuireWoods Legal Alert, April 22, 2025
- Author, DOJ, FTC Issue Updated Antitrust Guidance for Employers on Business Activities Affecting Workers, McGuireWoods Legal Alert, January 17, 2025
- Author, “There are Cops on the Beat”: DOJ’s Procurement Collusion Strike Force Leader Emphasizes Criminal Antitrust as Top Enforcement Priority, Subject to Inquiry, October 2, 2023
- Author, Trial Court Rejects DOJ Antitrust Division’s No-Poach Legal Theory and Acquits Defendants, McGuireWoods Legal Alert, April 28, 2023
- Author, U.S. Attorneys’ Offices Adopt Policy Incentivizing Self-Disclosure of Corporate Misconduct, Subject to Inquiry, February 27, 2023
- Author, DOJ Antitrust Division Announces Increased Scrutiny of Information Sharing, McGuireWoods Legal Alert, February 3, 2023
- Author, DOJ Considers Updated Guidance on Information-Sharing, as Part of Renters Bill of Rights, McGuireWoods Legal Alert, January 26, 2023
- Author, DOJ and NLRB Announce New Partnership to Enhance Enforcement in Labor Markets, McGuireWoods Legal Alert, July 28, 2022
- Author, DOJ Antitrust Division Adds Promptness Requirement to Leniency Program, McGuireWoods Legal Alert, April 5, 2022
- Author, DOJ Signals Intent to Bring Criminal Charges for Monopolization, McGuireWoods Legal Alert, March 7, 2022
- Author, Biden Signs Sweeping Executive Order Designed to Expand Antitrust Regulation and Increase Enforcement, McGuireWoods Legal Alert, July 9, 2021
- Author, President Biden Signs Executive Order Targeting Employee Noncompete Agreements, McGuireWoods Legal Alert, July 9, 2021
- Author, New Law Protects Criminal Antitrust Activity Whistleblowers From Employer Retaliation, McGuireWoods Legal Alert, December 28, 2020
- Author, DOJ, FTC Clarify Merger Review Analysis With New Vertical Merger Guidelines, McGuireWoods Legal Alert, July 6, 2020
- Author, DOJ, FTC Warn Against Employment Collusion That Harms COVID-19 Front-Line Workers, McGuireWoods Legal Alert, April 15, 2020
- Author, Longest Antitrust Prison Sentence Handed Down Last Week, McGuireWoods Legal Alert, December 10, 2013
- Author, January Antitrust Bulletin, McGuireWoods Legal Alert, January 20, 2012
- Author, November Antitrust Bulletin, McGuireWoods Legal Alert, November 19, 2010
- Author, Law Extends “De-Trebling” for Antitrust Cooperators, McGuireWoods Legal Alert, July 6, 2009
- Author, House and Senate Bills Would Extend “De-Trebling” for Antitrust Cooperators, McGuireWoods Legal Alert, June 16, 2009
- Editorial Board, Issues in Competition Law and Policy, Volumes I, II and III, ABA Section of Antitrust Law, June 2008
- Named to “Lawdragon 500 Leading Global Antitrust & Competition Lawyers,” Lawdragon, 2025, 2026
- Named to “Lawdragon 500 Leading Litigators in America,” Lawdragon, 2022, 2023, 2024, 2025
- Selected for inclusion in America’s Leading Lawyers for Business, Antitrust, Illinois, Chambers USA, 2018-2025
- Selected for inclusion in “Legal 500 United States,” Antitrust – Cartel, Antitrust – Civil Litigation/Class Actions: Defense, 2019-2025
- Selected for inclusion in “Who’s Who in American Lawyers,” Marquis Who’s Who, 2019
- Member, Lawyers of Distinction, Recognizing Excellence in Antitrust Law, 2018
- Selected for inclusion as a “Leading Lawyer,” Antitrust: Civil Litigation and Class Action, Illinois, Legal 500 US, 2017
- Named to “Illinois Rising Stars,” Antitrust Litigation, Super Lawyers, Thomson Reuters, 2008-2013, 2015
- Life Fellow, American Bar Foundation
- Fellow; Diversity Law Institute; The Trial Law Institute, Litigation Counsel of America, Trial Lawyer Honor Society