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
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