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Horizon Lines, Inc.
Horizon Lines NYSE: HRZ Responds to Department of Justice Announcement
October 19th, 2008
Today the U.S. Department of Justice announced that four individuals have agreed to plead guilty for their involvement in a conspiracy to eliminate competition and raise prices for moving freight between the Continental U.S. and Puerto Rico. A fifth shipping executive has agreed to plead guilty to destroying evidence of the shipping conspiracy. Three of the individuals, Gabriel Serra, Kevin Gill and Gregory Glova, are former Horizon Lines managers, and have agreed to plead guilty, serve time in jail, pay criminal fines and cooperate fully with the Department's ongoing antitrust investigation. Horizon Lines (NYSE:HRZ) intends to continue to cooperate fully with the...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-19)
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