Nishi Rail Pays At Least $20M To Exit Freight Price-Fixing Suit

Law360, New York (June 15, 2012, 5:34 PM EDT) -- Japanese rail company Nishi-Nippon Railroad Co. Ltd. will pay more than $20 million to escape a suit that claims it conspired with Deutsche Bahn AG, DHL Express USA Inc., and others to jack up prices for freight forwarding, according to a settlement filed Wednesday.

Under the deal, Nishi will also pay half of any money it recovers as a class member in a separate air cargo price-fixing multidistrict litigation, and it will fully cooperate with the plaintiffs in bringing their claims against the remaining defendants....
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