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Prison Term, Criminal Fine Against Vessel Carrier Official for Price Fixing

Wednesday, April 01, 2015
Sandler, Travis & Rosenberg Trade Report

A general manager in the car carrier division of a Japan-based vessel carrier has pleaded guilty and been sentenced to 18 months in a U.S. prison and a $20,000 criminal fine for his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on, roll-off cargo to and from the U.S. and elsewhere, the Department of Justice reports. The man also agreed to assist the department in its ongoing antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the international ro-ro ocean shipping industry. A DOJ press release notes that so far in this investigation four individuals have been sentenced and three corporations have agreed to plead guilty and pay criminal fines totaling more than $136 million.

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