RIchard Lee headshot.

Richard G. S. Lee

Associate

Richard Lee advises clients on matters involving antitrust, competition, and fair trade within the telecommunications, life sciences, and other high-technology sectors. His experience includes conducting fact finding, drafting, and strategy development for domestic and global antitrust investigations, litigation, and merger review. Richard also represents clients before the U.S. Department of Justice (DOJ), the Federal Trade Commission (FTC), and other European and Asian regulatory bodies investigating standard essential patent licensing practices and digital platforms.

Richard spent significant time working in South Korea both as in-house counsel to a multinational consumer electronics company and as a foreign legal consultant with one of South Korea’s largest international law firms.

Representative Experience

  • Defended Horizon Therapeutics in FTC Part III administrative action and Section 13(b) litigation challenging US$28 billion acquisition by Amgen as anticompetitive. Developed advocacy regarding impact of CMS drug pricing regulations, U.S. Food and Drug Administration drug development regulations, the Anti-Kickback Statute, market access practices, and patient/physician preferences concerning orphan drugs affected the combined firm’s incentive and ability to engage in bundled rebates with payors and Pharmacy Benefit Managers.*
  • Defended One Medical in FTC second request investigating US$3.9 billion acquisition by Amazon for compliance with antitrust laws. Developed advocacy before FTC regarding how the proposed transaction enhanced current and future competitiveness for primary care services.*
  • Counseled high-tech and pharmaceutical companies on achieving substantial compliance in second requests, prepared Hart-Scott-Rodino and ex-U.S. filings, drafted antitrust deal protections for M&A agreements, joint defense agreements, and clean team agreements. Prepared white papers in defending pharma, medical device, and high-tech transactions before FTC and DOJ.*
  • Counseled broadcasting client in private class action litigation alleging price fixing and anticompetitive information exchange involving television advertising, including preparing depositions for senior executives, developing strategy around class certification and other dispositive motions, and negotiating discovery disputes.*
  • Counseled high-tech and pharmaceutical companies on vertical and resale price maintenance antitrust implications of exclusivity agreements, distribution agreements, and minimum advertised price policies.*
  • Defended Qualcomm in FTC litigation challenging standard essential patent licensing and modem chipset sales practices as anticompetitive under Sherman Section 2.*

*Matters handled prior to joining Foley.

Awards and Recognition

  • Best Lawyers: Antitrust Law, Ones to Watch (2022-2025)

Affiliations

  • American Bar Association – Section of Antitrust Law
  • Asian American Bar Association of NY (AABANY)
  • Korean American Bar Association of Greater New York

Languages

  • English
  • Korean

Presentations and Publications

  • Co-author, “Antitrust Risks and Compliance Strategies in Intellectual Property Portfolio Management,” CPI Antitrust Chronicle (November 2025)
December 11, 2025 Foley Viewpoints

Antitrust Risks and Compliance Strategies in Intellectual Property Portfolio Management

This article analyzes how intellectual property portfolio management can simultaneously promote innovation and present potential...
August 27, 2025 Foley Viewpoints

Takeaways From President Trump’s Revocation of Biden-Era Executive Order on Competition

On August 13, 2025, President Trump revoked Executive Order 14036 “Promoting Competition in the American Economy,” a signature Biden-era...
August 13, 2025 Manufacturing Industry Advisor

Minimum Advertised Price Policies: What Manufacturers Need to Know

Manufacturers often want to provide some direction over how resellers advertise and distribute their products, both to avoid conflicting...
May 28, 2025 Foley Viewpoints

U.S. and International Antitrust Agencies Signal Aggressive Antitrust Enforcement in Procurement, Consumer Products, and Labor Markets

As we previously reported on April 15 and April 28, the Department of Justice (DOJ) and Federal Trade Commission (FTC) are increasingly...
Aerial view of a large cargo ship with colorful containers sailing in open blue water, with a small boat nearby—ideal imagery for law offices or lawyers in Chicago specializing in maritime and intellectual property law.
April 28, 2025 Tariff & International Trade Resource

What Every Multinational Company Should Know About … Potential Antitrust Exposure of Tariff-Related Pricing Changes

As companies face mounting cost and supply pressures from rising tariffs, pricing managers are under growing pressure to adjust pricing strategies in fast-moving and uncertain conditions.
A stone wall with the words "DEPARTMENT OF JUSTICE" in metal letters, reminiscent of the entrance to prestigious law offices or the headquarters of top lawyers in Chicago.
April 15, 2025 Foley Viewpoints

Pricing Under Pressure: Prepare for Enhanced Antitrust Scrutiny amid Tariff Uncertainty

In an era of increased tariff pressures, U.S. antitrust enforcers have signaled that they remain vigilant for attempts by businesses to exploit the situation through anticompetitive conduct, especially in sectors already strained by supply shocks, volatile input costs, and shifting demand patterns.