A PYMNTS Company

US: Suit claiming monopolization of western rail transport dismissed

By  |  February 27, 2013
US: Suit claiming monopolization of western rail transport dismissed

A minerals company’s case against two railway entities has been dismissed by a federal judge who ruled claims of monopolistic behavior were not adequately shown. Oxbow Carbon & Minerals LLC brought a price-fixing suit against both Union Pacific Railroad Co. as well as Burlington Northern Santa Fe railway, the latter owned by Warren Buffet. Oxbow argued the two colluded to fix prices and monopolize the railways for the transport of coal and petroleum coke in the western US, according to reports. US District Judge Paul Friedman in Washington dismissed the case, however, ruling that the suit “lacks factual allegations” concerning the alleged collusion.

    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: Bloomberg

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