MOL Group sued over price fixing
Mitsui O.S.K. Lines Ltd. said Wednesday its U.S. subsidiary Mitsui O.S.K. Bulk Shipping (USA) Inc. (MOBUSA) is being targeted by a class-action lawsuit accusing it of conspiring to fix prices for the ocean transport of cars, Ship & Bunker reports.
The suit, filed in the U.S. District Court for the Southern District of California with David Schroeder as the lead plaintiff, seeks unspecified compensation for alleged damages and an injunction against the defendants.
"The effect of these lawsuits on MOL's business performance is uncertain at this stage due to the difficulty of calculating the financial impact," said MOL.
A number of other automotive shippers, including Nissan Motor Car Carrier Co. Ltd., have been hit by a class action suit led by Schroeder.
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