Do not pass Go. Do not collect $200 million.
Christine A. Varney, late of Hogan & Hartson, yesterday got a welcome to her new job as head of the Department of Justice's Antitrust Division. Attorney General Eric Holder said Varney "will help lead the Department with dedication, sound judgment and integrity . . . [in] aggressively enforcing the antitrust laws".
On April 20, the U.S. Senate confirmed President Barack Obama's nomination of Ms. Varney as Assistant Attorney General by a vote of 87 to one.
Joy!
The Deal reports that "everyone seems to believe she'll intervene more often in mergers than her Bush administration predecessor, Tom Barnett, who generally approved mergers, though frequently with concessions in the form of divestitures."
The AD's homepage now includes Ms. Varney's name and title.
Blawgletter expects the Division will now turn away from racking up case stats and focus anew on its core mission — shutting down monopolies and cartels that hurt lots of people. The job over the last several years has seemed too much about jailing small-time crooks. Let's go after the bad guys who cost us billions, shall we?
We think Ms. Varney can — and will — do just that.