S. Africa OKs Price-Fixing Settlement With Kuehne & Nagel

Law360, Los Angeles (February 23, 2012, 5:56 PM EST) -- South African antitrust regulators on Wednesday signed off on a settlement with Kuehne & Nagel International AG to resolve an investigation into the company's involvement in a price-fixing cartel that imposed extra fees for international freight-forwarding services.

Kuehne & Nagel agreed to pay $125,000 in administrative fines and admitted that its involvement in the cartel violated South Africa's antitrust laws, according to the settlement approved by South Africa's Competition Tribunal. The company has also agreed to assist authorities in their investigation against other companies implicated in...
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