Samuel A Cooperman News

DOJ Indicts Stolt-Nielsen

In response to the U.S. Department of Justice Antitrust Division announcement, Stolt Nielsen issued a statement: In direct violation of its express promise in a written amnesty agreement, the U.S. Department of Justice Antitrust Division announced the indictment of Stolt-Nielsen and its two Stolt-Nielsen Transportation Group subsidiaries. The actions breach the Antitrust Division's own written Amnesty Agreement made in January 2003, which promised Stolt-Nielsen that it would not "bring any criminal prosecution" against the company or its executives related to the parcel tanker industry for conduct that occurred prior to January 15, 2003.