Horizon Settles With Opt-Outs In Shipping Antitrust Action

Law360, New York (November 29, 2011, 8:38 PM EST) -- Shipping giant Horizon Lines Inc. has reached an almost $14 million settlement with the remaining opt-outs of an antitrust class action that alleged a price-fixing conspiracy for freight services between the U.S. and Puerto Rico, the latest in years of civil and criminal litigation, Horizon said Tuesday.

Horizon said it has agreed to shell out $13.75 million in exchange for a full release of all antitrust claims against the company with all of the “remaining significant shippers” who opted out of a direct purchaser class action...
To view the full article, register now.