Horizon Lines Securities Action Sunk For Good

Law360, New York (May 18, 2010, 7:12 PM EDT) -- A federal judge has for the second time nixed a putative class action accusing Horizon Lines Inc. and several of the shipping and logistics company's executives of participating in a price-fixing scheme, this time with prejudice.

Judge Harvey Bartle III of the U.S. District Court for the District of Delaware on Tuesday granted the defendants' motion to toss the case, finding that the plaintiffs — a collection of pension funds — came up short in their reloaded bid to prove that the company's directors acted with...
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