Höegh Autoliners to plead guilty to price fixing, seven executives fugitivesStaff Writer | September 28, 2017
A Norwegian corporation has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids, the Department of Justice announced.
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Höegh participated in this conspiracy from as early as January 2001 until at least September 2012.
In addition to the fine, Höegh has agreed to be placed on corporate probation for three years to ensure full compliance with the antitrust laws.
Höegh has also agreed to cooperate with the department’s ongoing investigation.
Höegh is the fifth company to plead guilty in this investigation—bringing the total criminal fines to over $255 million.
Four executives have already pleaded guilty and been sentenced to prison terms.
An additional seven executives are known to have been indicted, but remain fugitives. ■