Philadelphia, Pennsylvania–(Newsfile Corp. – October 17, 2022) – In January 2022, the Korea Fair Trade Commission fined 23 shipping companies a total of $81 million for conspiring to fix freight rates on sea routes between Korea and other Asian countries from 2003 to 2018.
According to the Korean FTC, the shipping cartel conducted 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 ocean shipping between Korea and other Asian Countries between 2003 and 2018, you may have been overcharged, and could be eligible to bring a claim to receive a return of your overcharges as well as potentially a court approved incentive award if appropriate.
If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/category/current-investigations/, contact us at [email protected] or call 267-507-6085.
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These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.
Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140835
