Shipping Cos. To Pay $1M Over Pollution Charges

Law360, New York (April 12, 2011, 6:28 PM EDT) -- A shipping conglomerate on Tuesday copped to charges in Louisiana that one of its ships deliberately and illegally dumped oily waste, part of a plea deal that carries a $1 million fine and a five-year ban on domestic business.

The four collective owners of the M/V Americana cargo vessel each entered guilty pleas in the U.S. District Court for the Eastern District of Louisiana to a total of 32 felony counts for obstruction of justice and violations of the Act to Prevent Pollution from Ships and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.