DOJ Indicts Stolt On Bid-Rigging Charges

Law360, New York (September 6, 2006, 12:00 AM EDT) -- Despite a last-ditch effort to avoid prosecution, transport company Stolt-Nielsen SA has been indicted by the Department of Justice for its role in a bid-rigging scheme in the global carrier industry.

A federal grand jury in Philadelphia charged the company, two of its executives, and two of its subsidiaries, with participating in a conspiracy to fix prices, allocate customers, and rig bids on shipping contracts.

“The indictment charges Stolt-Nielsen and its executives with serious antitrust crimes—price-fixing, customer allocation, and bid rigging,” said Thomas O. Barnett, Assistant...
To view the full article, register now.