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4-Traders Homepage  >  Equities  >  Nasdaq  >  Expeditors International of Washington    EXPD

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EXPDTR INT WSHTON : Expeditors Receives Administrative Proceeding from Brazilian Ministry of Justice

08/20/2010 | 04:20pm US/Eastern

Expeditors International of Washington, Inc. (NASDAQ:EXPD), the international freight forwarding and logistics company, said that on August 17, 2010, the company and its Brazilian subsidiary, Expeditors Internacional do Brasil Ltda. (together, "Expeditors") received an Administrative Proceeding ("AP") from the Brazilian Ministry of Justice. The AP initiates a proceeding against Expeditors and one of its employees, alleging possible anti-competitive behavior contrary to Brazilian rules on competition. Expeditors intends to vigorously defend itself against the allegations. Should Expeditors be found to have committed an infringement against Brazilian anti-competition laws, it may result in material fines and penalties.

Expeditors International of Washington, Inc.
A.J. Tangeman, General Counsel, 206-674-3441

© Business Wire 2010
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