Grabar Law Office investigates price-fixing allegations on behalf of the United States

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Philadelphia, Pa. – (Newsfile Corp. – Oct. 17, 2022) – In January 2022, the Korea Fair Trade Commission fined 23 shipping lines a total of $81 million for conspiring to fix freight rates on shipping routes between Korea and other Asian countries from 2003 to 2018.

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According to the Korean FTC, the shipping cartel held 541 meetings between December 2003 and December 2018 in which they agreed on a total of 120 freight rates on import and export routes.

If you are a freight forwarder, manufacturer, or other U.S.-based person or entity who purchased sea transportation between Korea and other Asian countries between 2003 and 2018, you may have been overcharged and may be eligible to file a claim to receive a return of your overcharges as well as possibly a court-approved incentive award, if applicable.

If you would like to learn more about this at no cost to you, visit us at [email protected] or call 267-507-6085.

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Lawyer Advertising Disclaimer
These materials have been prepared by Grabar Law Firm for informational purposes only and do not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Previous results mentioned in these documents do not guarantee or suggest a similar result in other areas.

Joshua H. Grabar, Esq.
Grabar law firm
A place of freedom
1650 Market Street, Suite 3600
Philadelphia, Pennsylvania 19103
Tel: 267-507-6085
Email: [email protected]

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