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.

Full Content: Thomson Reuters

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