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8-K - FORM 8-K - EXPEDITORS INTERNATIONAL OF WASHINGTON INC | d8k.htm |
Exhibit 99.1
PRESS RELEASE
By: | Expeditors International of Washington, Inc. |
1015 Third Avenue, Suite 1200
Seattle, Washington 98104
CONTACT: | A.J. Tangeman |
General Counsel
(206) 674-3441 FOR IMMEDIATE RELEASE
Expeditors Receives Administrative Proceeding from Brazilian Ministry of Justice
SEATTLE, WASHINGTON August 20, 2010, 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.