Puerto Rico price-fixing case ends with settlement

Tools
  • Print
  • 0 Comments
By AP

Created:

Updated: Sat, 08 Mar 2014 10:13:59 EST

SAN JUAN, Puerto Rico (AP) — The U.S. Justice Department says two shipping companies have agreed to civil settlements following accusations that they fixed prices of government cargo transportation contracts between the U.S. and Puerto Rico.

Officials said Sea Star Line LLC agreed to pay $1.9 million and Horizon Lines LLC $1.5 million to settle the cases.

The U.S. government had accused them of sharing confidential bidding information with each other to set predetermined rates for specific routes.

Officials said Friday the agreement affected contracts with the U.S. Postal Service and the Department of Agriculture, among others.

Both companies had previously pleaded guilty to anticompetitive conduct.

What's on WGXA

What's On Now

9:00 AM - Family Feud

What's On Next

9:30 AM - Family Feud

Tonight

7:30 PM 2014 MLB World Series

What's On Now

9:00 AM - The Queen Latifah Show

What's On Next

10:00 AM - Rachael Ray

Tonight

8:00 PM Last Man Standing

8:30 PM Cristela

9:00 PM Shark Tank

10:00 PM 20/20