Kuehne & Nagel Pays $28M To End Cargo Price-Fixing Claims

Law360, New York (September 14, 2012, 4:54 PM EDT) -- Kuehne & Nagel International AG on Friday agreed to pay $28 million to settle antitrust claims in a proposed class action that the company conspired with a slew of other companies to fix prices in the international freight forwarding industry.

The Switzerland-based shipping logistics company reached an agreement to exit a civil suit that claimed Kuehne & Nagel’s surcharges for freight forwarding services violated the Sherman Act, according to a statement released Friday.

“With this settlement we will be able to finally conclude the painful litigation...
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