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Horizon Pays Out Due To Unlawful Jones Act Activities - Florida Maritime Lawyers
HORIZON Lines has agreed to pay $20m and freeze freight rates in its Puerto Rico trade lane for two years to settle a class action lawsuit brought by disgruntled customers.

New York-listed Horizon Lines has also agreed to pay its lenders 1.5% higher interest and a one-off sum of $1.8m in consideration for being allowed to exclude this expenditure from calculations that determine its compliance with covenants. 


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