The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday.
The world’s biggest container group, Denmark’s A.P. Moller-Maersk, together with second largest line MSC of Switzerland, Germany’s […]
From Maritime Executive:
Farrell Lines is a U.S. flag roll-on, roll-off carrier, part of Maersk Line, Limited, a division of Maersk Group. Logistics firm Damco USA, a subsidiary of Netherlands-based Damco, is also part of Maersk Group.
Ro/ro carrier Farrell Lines and affiliated subcontractor Damco have paid civil fines of $3.66 million on charges […]
In the largest-ever crackdown on health-care fraud by the Justice Department, criminal charges have been filed against 243 people across the nation involving $712 million in false billing from Medicare, officials announced Thursday.
“This action represents the largest criminal health-care fraud takedown in the history of the Department of Justice,” said Attorney General Loretta […]
The Justice Department said it was charging the banks’ parent companies because the wrongdoing was pervasive, and that the banks’ punishment was ”fitting considering the long-running and egregious nature of their anticompetitive conduct.”
From the Huffington Post:
The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced […]
In an article titled ‘K Line executive sentenced in relation to price fixing accusations,’ Vessel Finder reports:
In addition to the 18-month prison sentence and a $20,000 fine, Tanioka has agreed to provide assistance to the department in its current ongoing investigation that focuses on the ocean shipping industry
A Kawasaki Kisen Kaisha Ltd. (K-Line) […]
NYK, or Nippon Yusen Kabushiki Kaisha, agreed to plead guilty to a one-count felony criminal charge in the scheme, which spanned the period of 1997-2012, and pay the fine.
U.S. justice authorities fined Japanese shipper NYK Line $59.4 million Monday for conspiring with other companies to fix the prices of transporting cars to and from […]
Among the contracts affected were U.S. Postal Service contracts to transport mail and Department of Agriculture contracts to ship food. Both Sea Star Line and Horizon Lines previously pleaded guilty, in related criminal proceedings, to anticompetitive conduct in violation of the Sherman Act.
Jones Act shipping companies Sea Star Line and Horizon Lines have agreed […]