K+N agrees to $28 million price-fixing penalty

Legal

Monday, September 17, 2012

The global logistics company Kuehne + Nagel said Friday it has entered into a settlement agreement with the U.S. government to pay $28 million in a class action price-fixing lawsuit over surcharges assessed for freight forwarding services. The settlement is related to civil damages for conduct previously investigated by the U.S. Justice Department. K+N agreed last November to pay a $9.9 million fine for its anticompetitive activities. “The class action settlement...

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