November 7 - Kuehne + Nagel has announced that following the United States District Court for the District of Columbia's approval of its plea agreement between Kuehne + Nagel International AG and the U.S. Department of Justice, the company has agreed to p
In approving the plea agreement and the recommended fine, the Department of Justice and the Court recognised thatKuehne + Nagel provided substantial assistance to the US authorities through its early andextensive cooperation with the investigation.
In an interesting comment given the nature of the case which led to the plea agreement, Karl Gernandt, chairman of Kuehne + Nagel International AG said: "Kuehne + Nagel is committed to abiding by all antitrust laws and regulations. I reconfirm that we continuously develop and reinforce our compliance program to always ensure compliance with the highest available standards. The Court's approval of the plea agreement todaymarks the final conclusion of the US antitrust investigation of Kuehne + Nagel commenced in 2007."