On April 8, 2003, John Nannes, outside counsel to Stolt-Nielsen Transportation Group Ltd., received an extraordinary phone call from the U.S. Department of Justice’s antitrust division. The government, the caller said, was “suspending Stolt’s obligation to cooperate” under its four-month-old antitrust amnesty agreement. It was the first time in the 30-year history of the corporate leniency program that the department reneged on a deal. That was just the beginning.
The call sparked five years of court battles for the shipping company, for its parent, Stolt-Nielsen S.A., headquartered in London and Rotterdam, and for the Justice Department. Stolt sued the department for breach of contract, and the legal battle was waged in several civil and criminal courts. The imbroglio finally ended late last year in a landmark decision for the corporation.
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