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Violation Tracker Individual Record

Company: Kintetsu World Express, Inc.
Current Parent Company: Kintetsu World Express
Penalty: $11,111,111
Year: 2015
Date: November 10, 2015
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Eight Japanese companies and a trade association together agreed to pay $100 million to settle their role in an alleged conspiracy to fix prices in the international freight forwarding industry. Court documents did not indicate how much each would pay. Here we assume they each paid an equal share of the total.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of New York
Civil or Criminal Case: civil
Case ID: 1:08cv42
Case Name: Precision Associates, Inc et al v. Panalpina World Transport (Holding) Ltd. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: freight and logistics
Specific Industry of Current Parent: freight services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.