NYK Set to Defend Canada Price-fixing Lawsuit

MarineLink.com
Tuesday, August 13, 2013

NYK Line (Canada) Inc. (CA) has received notice of a class action civil complaint filed against them along with several other ocmpanies on July 4, 2013. NYK Group have also been informed that they are named defendants in the suit served on CA and will likely be named in other suits with CA.

1. Background to the Lawsuit
The lawsuit was filed to seek compensation for alleged damages, injunctive relief and other relief alleging a conspiracy to fix price of services for the ocean transportation of vehicles to or from Canada in Roll-on/Roll-off vessels.
2. Plaintiffs
Ryan Todd Wonch and Margaret A. Wonch
3. Content of the Lawsuit and Amount of the Claim
(1) Content of the lawsuit.
Claims for compensation for alleged damages, injunctive relief and other relief.
(2) Amount of the total claims for compensation
The amounts of damages claimed are not specified in the complaint.
4. Future prospects
NYK, CA and NA intend to vigorously defend against the claims. NYK, its subsidiaries and its affiliated companies may face additional follow-on actions similar to this action. The impact of the lawsuits on the Company's results of operation is not clear at this stage due to uncertainty of the financial impact.


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