A PYMNTS Company

US: Crucial moment for multi-billion fuel pricing case this week

By  |  April 29, 2013

A crucial point for a major case comes at the end of this week as four of the nation’s largest freight rail operators, alleged to have colluded to fix fuel prices, will have the case heard in federal appeals court in Washington and a decision will be reached as to whether the case can proceed as a class action. The companies, BNSF Railway Company, CSX Transportation Inc., Norfolk Southern Railway Company and Union Pacific Corporation are all named as defendants looking to appeal a decision by a district judge to allow class action certification; the case includes about 30,000 direct customers and eight named plaintiffs. According to reports, both sides of the case acknowledge the possibility of damages reaching into the billions of dollars. The appeal will be heard in the US Court of Appeals for the District of Columbia Circuit.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Thomson Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.