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Horizon Lines, Inc.
Horizon Lines Reaches Puerto Rico Class Action Settlement Agreement and Successfully Amends Credit Agreement
June 28th, 2009
Horizon Lines, Inc. (NYSE:HRZ) reported that it has entered into a settlement agreement with the plaintiffs in the Puerto Rico class action antitrust litigation, and also entered into a credit agreement amendment with its lender group. Puerto Rico Class Action Settlement Agreement As previously reported, several purported class action lawsuits were filed against Horizon Lines and other domestic shipping carriers on behalf of a class of individuals and entities who purchased domestic ocean shipping services from various domestic ocean carriers in the Puerto Rico tradelane between 2002 and 2008. Those lawsuits were consolidated into a single...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-28)
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