Japanese Freight Cos. To Pay $19M To Exit DOJ Cartel Probe

Law360, New York (March 8, 2013, 4:39 PM EST) -- Two Japanese companies have agreed to pay a total of nearly $19 million in criminal fines and plead guilty to taking part in a fee-fixing scheme on freight forwarding services for air cargo shipments, federal prosecutors said Friday.

Yusen Logistics Co. Ltd. has agreed to pay more than $15.4 million in criminal fines and "K" Line Logistics Ltd. agreed to pay just more than $3.5 million for their roles in a conspiracy to fix certain freight-forwarding fees for cargo shipped by air from the U.S. to...
To view the full article, register now.