Coastal Water Freight Transportation Company Pleads Guilty and Pays $45 Million Fine for Price-Fixing

By on February 24, 2011

by Nicole L. Castle

Today the Department of Justice announced that Horizon Lines LLC agreed to plead guilty and pay a $45 million fine for its involvement in price fixing coastal water freight services between the continental U.S. and Puerto Rico.  This plea is the result of an ongoing federal antitrust investigation into price fixing and bid rigging in the coastal water freight transportation industry.  As a result of the investigation, five former executives have been charged and sentenced to serve prison time.  
 

For additional information, please visit: http://www.justice.gov/atr/public/press_releases/2011/267605.htm

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