Business/In Brief • July 24, 2014
Matson finalizes surcharge settlement
HONOLULU – Matson Inc. will pay $10 million to settle a lawsuit alleging that the company misapplied fuel surcharges on military household goods shipped between the Mainland and Hawaii or Guam.
The company announced Tuesday it signed a settlement agreement with the U.S. Department of Justice and Mario Rizzo, who filed the lawsuit in California in 2010 on behalf of the federal government.
The shipments were paid for by the Department of Defense.
Under terms of the settlement, Matson will pay the government $9 million and Rizzo will receive about $2.6 million of that. Matson will also pay Rizzo $950,000 in legal expenses, the Honolulu Star-Advertiser reported.