Horizon Puts Up $20M To Exit Shipping Antitrust MDL

Law360, New York (June 12, 2009, 12:00 AM EDT) -- Horizon Lines Inc. has agreed to pay $20 million to resolve claims against it in the antitrust multidistrict litigation alleging the shipping and logistics company and others conspired to eliminate competition in the market for freight services between the U.S. and Puerto Rico.

The Charlotte, N.C.-based company said Friday it struck a settlement deal with plaintiffs who brought several price-fixing actions consolidated in the U.S. District Court for the District of Puerto Rico. The settlement is pending court approval.

Horizon will shell out $20 million to...
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