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$21 Million Fine for Fixing Prices of Ocean Shipping Services for Cars and Trucks

Thursday, October 05, 2017
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that a Norwegian corporation has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a long-running conspiracy to fix prices, allocate customers, and rig bids for the sale of international ocean shipments of roll-on, roll-off cargo to and from the U.S. and elsewhere. The company has also agreed to be placed on corporate probation for three years to ensure full compliance with U.S. antitrust laws and to cooperate with the DOJ’s ongoing investigation into anticompetitive conduct in the international ro-ro ocean shipping industry.

According to the DOJ, five companies have now pleaded guilty for their roles in this conspiracy, with total criminal fines of more than $255 million. In addition, four executives have pleaded guilty and been sentenced to prison terms while another seven have been indicted but remain fugitives.

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