Federal prosecutors indicted three executives from a Norwegian shipping company in an antitrust action. A federal indictment charges three men with price fixing, bid rigging and market allocation on international shipments.
Federal prosecutors claim that three former executives with Wallenius Wilhelmsen Logistics AS conspired to limit competition. According to the indictment, the men conspired with three other companies to set prices for shipping services. The indictment charged the companies with conspiring to fix prices on roll-on, roll-off cargo at the Port of Baltimore. According to the indictment, the companies conspired between 2000 and 2012 to fix prices, rig bids and allocate the market among themselves. The collusion agreement involved cars, trucks, heavy construction equipment, mining equipment and agricultural equipment.
Federal prosecutors indicted the companies involved in the scheme last November, and all four companies pleaded guilty. Because they admitted guilt, WWL paid a fine of nearly $100 million in the case. The other three companies have paid an additional $130 million in fines due to their guilty pleas. In addition to the three WWL executives, eight other executives from other defendants in the case face criminal charges. Four executives have pleaded guilty. The other four remain at large, so federal authorities currently indicate that they are fugitives.
Federal Antitrust Lawyer
Federal antitrust actions are complex, and require the assistance of an aggressive, experienced federal antitrust lawyer. The federal government can pursue both civil and criminal remedies against both companies and individuals.
Having an experienced criminal defense attorney who will fight for your rights in court can make a huge difference in the outcome of your case. Federal prosecutors rarely undertake a case unless they’re relatively certain they can win. Currently, their conviction rate exceeds 90%. An indictment doesn’t guarantee a conviction, but it does make your situation much more serious.
Don’t rely on an inexperienced attorney, and don’t assume there’s nothing you can do to help yourself. Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County antitrust case.
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