Japanese Car Shipper Agrees To Settle Antitrust Actions
Law360, New York (August 18, 2015, 12:20 PM EDT) -- Japanese shipping giant Mitsui OSK Lines Ltd. has reached a deal ending automotive dealerships' and other indirect purchasers’ claims in multidistrict litigation alleging that a number of international shipping companies had conspired to stifle competition and inflate prices for transporting vehicles, a New Jersey federal court learned Monday.
Financial terms of the confidential settlement with Mitsui and its subsidiaries are expected to become public in documents seeking court approval, counsel for the indirect purchaser plaintiffs — made up of automotive, truck and equipment dealerships and end-payor consumers — said in a Monday statement. The case encompasses numerous defendants ranging from Japan’s...
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