Mexican Media Brands
Norwegian Auto Shipper Pleads Guilty to Price Fixing
Norwegian ocean carrier Wallenius Wilhelmsen Logistics AS has agreed to plead guilty to fixing prices and conspiring to rig bids on vehicle shipments to and from the U.S.
#legal
Share
Norwegian ocean carrier Wallenius Wilhelmsen Logistics AS has agreed to plead guilty to fixing prices and conspiring to rig bids on vehicle shipments to and from the U.S.
The Dept. of Justice says WWL also will pay a $99 million fine. The shipper admits it conspired with others between 2000 and 2012 to manipulate transport rates for the port of Baltimore.
The settlement is the latest in a continuing international probe into price fixing among shippers that began four years ago. A WWL spokesperson tells The Wall Street Journal the company is the target of other continuing investigations.
The Justice Dept. notes it has collected more than $300 million in fines and reached settlements or indicted executives with three other so-called roll-on, roll-off vehicle shippers. They are Chile’s Compania Sudamericana de Vapores and Japan’s Kabushiki Kaisha and Kawasaki Kisen Kaisha.
RELATED CONTENT
-
Apple Engineer Accused of Stealing Self-Driving-Car Secrets
For the second time in six months, a Chinese nationalist working on Apple Inc.’s Project Titan autonomous car program in California has been charged with stealing proprietary data.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.