Money Woes Outlined In Stolt-Nielsen Petition

Law360, New York (May 1, 2006, 12:00 AM EDT) -- Plagued by financial concerns stemming from possible criminal indictments of several of its executives, chemical company Stolt-Nielsen fears it may become the next Arthur Anderson.

The company recently filed a petition seeking a rehearing after an appeals court ruled that Stolt should not be protected from Department of Justice criminal indictments.

In January 2005, a district court judge issued an injunction stopping the Justice Department’s prosecution of Stolt-Nielsen—a company that had been cooperating with the antitrust division in criminal prosecutions involving the global carrier industry....
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