American home furniture manufacturer and supplier MCS Industries has prevailed in federal court in its lawsuit against Cosco Shipping. MCS filed the lawsuit in early August against both Cosco and Mediterranean Shipping Co. for $600,000. Mediterranean has not yet settled, but Cosco has agreed to do so for an undisclosed sum. MCS, which produces home decor, and architectural moldings, claimed that since the pandemic, shippers have colluded to manipulate the market. The collusion is made possible by the fact that three shipping alliances now control more than ...
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