A Japanese ocean cargo shipper has reportedly agreed to plead guilty and pay a fine to the US Department of Justice’s charges of various anticompetitive conduct.
Kawasaki Kisen Kaisha reportedly agreed to pay $67.7 million in criminal fines and plead guilty to charges of price-fixing, customer allocation and bid-rigging. The DOJ charged the company with harming competition in the roll-on, roll-off shipping services industry.
Reports say the DOJ filed a felony charge against Kawasaki for the anticompetitive behavior the agency says took place between 1997 and at least 2012. A court will need to approve of the plea agreement.
Full content: Imperial Valley News
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