Stolt-Nielsen S.A. Wins Amnesty Agreement Case Against the DOJ Antitrust Division
LONDON, ENGLAND, Nov 30 (MARKET WIRE) -- Stolt-Nielsen S.A. (OSLO: SN) today announced that the antitrust Indictment brought by the Antitrust Division of the U.S. Department of Justice against Stolt-Nielsen S.A., and two of its executives, has been dismissed today by Orderof the U.S. District Court for the Eastern District of Pennsylvania.
In a 79-page, fact-based ruling, United States District Judge Bruce W.Kauffman upheld the Amnesty Agreement and dismissed the Antitrust Division's indictmentof Stolt-Nielsen S.A. "The [Antitrust] Division has no reasonable basis upon whichto void or revoke the Agreement because it has not demonstrated any breach by Stolt-Nielsenor the individual defendants. Accordingly, the Indictment will be dismissed."
Stolt-Nielsen S.A. CEO Niels G. Stolt-Nielsen said "We are pleased thatjustice has been served."
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (the "Company") is one of the world's leading providersof transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen TransportationGroup, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sturgeon and caviar. For further information: Contacts: Andrew Hayes/Blanaid Colley Hudson Sandler UK +44 (0) 20 7796 4133 Email Contact Jan Chr. Engelhardtsen UK +44 (0) 20 7611 8972 Email Contact Copyright 2007, Market Wire, All rights reserved. -0-
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