Germany Fines Steel Co. €10M Over Rail Cartel

Law360, New York (July 11, 2013, 8:11 PM ET) -- German antitrust regulators on Thursday fined Moravia Steel Deutschland GmbH €10 million ($13.1 million) as part of an investigation into bid-rigging on rail supplied to the country's national railway operator, Deutsche Bahn AG.

The fines against Moravia Steel, announced in a statement from Germany's Federal Cartel Office, come as part of a broader investigation into an alleged rail cartel involving a number of companies, the regulator said.

“With today's decision we have concluded the first part of the proceedings against the rail cartel,” said Federal Cartel...
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