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Animalfeeds International Corp. et al. v. Stolt-Nielsen SA et al., Parcel Tankers Arbitration PanelParcel Tankers Arbitration Panel March 2009
Hausfeld LLP is co-lead counsel on behalf of a proposed class of direct purchasers of parcel tanker shipping services (ocean transport of bulk liquid chemicals, edible oils, and other specialty liquids). The plaintiffs allege that the defendants, Stolt-Nielsen SA, Stolt-Nielsen Transportation Group Ltd., Odfjell ASA, Odfjell USA, Inc., Jo Tankers BV, Jo Tankers USA, Inc. and Tokyo Marine Co. Ltd., engaged in a global conspiracy to fix prices for parcel tanker shipping services by allocating customers, rigging bids, and exchanging pricing information. Many of the defendants have pleaded guilty to the alleged anticompetitive conduct and paid substantial fines in connection therewith. The Arbitration Panel issued a unanimous ruling in December 2005 allowing the arbitration to proceed as a class arbitration. This decision was recently upheld by the Second Circuit Court of Appeals. Stolt-Nielsen SA et al. v. Animalfeeds International Corp. et al., Docket No. 06-3474-cv (2d Cir. Nov. 4, 2008).
For more information, please contact Hilary K. Scherrer in our Washington, DC office.
Practice Areas: Antitrust / Competition
