In re Puerto Rican Cabotage Antitrust Litigation

On June 11, 2009, Horizon Lines, Inc. entered into a settlement agreement with Plaintiffs in In re Puerto Rican Cabotage Antitrust Litigation, which alleges price fixing by Jones Act shipping companies for ocean shipping services between the U.S. and Puerto Rico. Under the settlement agreement, which is subject to court approval, Horizon has agreed to pay $20 million and to certain base-rate freezes. Heins Mills & Olson is co-lead counsel for Plaintiffs.