Maersk Among Targets Of EU Shipper Price-Fixing Probe

Law360, New York (November 22, 2013, 2:20 PM EST) -- Danish shipping giant A.P. Moller-Maersk A/S said Friday that it is among the companies targeted in a formal antitrust proceeding launched by the European Commission, which will investigate whether the shippers are signaling future pricing decisions to one another in an effort to stem competition.

The EC's competition arm launched the proceeding on the same day, saying that the companies may have used public statements and website postings to tip off forthcoming pricing strategies. Though the EC did not disclose the names of the companies it...
To view the full article, register now.