Japanese Freight Co. To Pay $10M For Price-Fixing Scheme

Law360, Washington (December 18, 2012, 4:44 PM EST) -- A Japanese freight forwarder pled guilty in Washington federal court Tuesday to participating in a price-fixing scheme for air cargo shipments from Japan to the United States and will pay nearly $10.5 million for its role in the massive five-year conspiracy.

Kintetsu World Express Inc. admitted to one count of conspiracy to restrain trade for its involvement in the plot to fix certain freight-forwarding service fees, including fuel surcharges and security fees, on cargo shipments sent from Japan to the United States by air from about...
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