ARTICLE
9 September 2016

Norwegian Ocean Shipping Firm To Pay $98.9 Million Fine For Price-Fixing Conspiracy

VA
Vaish Associates Advocates

Contributor

Established in 1971, Vaish Associates, Advocates is one of the best-known full-service law firms in India. Since its inception, it continues to serve a diverse clientele, including domestic and overseas corporations, multinational companies and individuals. Presently, the Firm has its operations in Delhi, Mumbai and Bengaluru.
The DOJ announced that Norwegian ocean shipping firm Wallenius Wilhelmsen Logistics AS (WWL) has agreed to pay a $98.9 million criminal fine for its role in a price-fixing conspiracy...
United States Antitrust/Competition Law

On July 13, 2016, the DOJ announced that Norwegian ocean shipping firm Wallenius Wilhelmsen Logistics AS (WWL) has agreed to pay a $98.9 million criminal fine for its role in a price-fixing conspiracy in the market for international ocean shipping of "roll-on, roll-off" cargo, including cars, trucks and heavy equipment. According to the single-count criminal information filed in the U.S. District Court for the District of Maryland, the conspiracy spanned over a decade and involved price-fixing, bid-rigging, and allocation of customers and routes among WWL and its co-conspirators. WWL is the fourth company to agree to plead guilty in the DOJ's ongoing investigation, which also has yielded charges against eight individual executives and netted a total of $230 million in agreed-upon fines. WWL's plea agreement is subject to court approval.

© 2016, Vaish Associates Advocates,
All rights reserved
Advocates, 1st & 11th Floors, Mohan Dev Building 13, Tolstoy Marg New Delhi-110001 (India).

The content of this article is intended to provide a general guide to the subject matter. Specialist professional advice should be sought about your specific circumstances. The views expressed in this article are solely of the authors of this article.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More