Mexican Railways Hit With $32M Price-Fixing Fine

Law360, New York (June 25, 2009, 12:00 AM EDT) -- Mexico's Federal Competition Commission has smacked two of the country's railways with fines totaling 419 million pesos ($32 million) for allegedly conspiring to fix the prices they charged for their services.

The board of the Federal Competition Commission, or CFC for its initials in Spanish, voted on June 9 to impose the maximum allowable fine under the country's antitrust law.

The railways, Ferromex and Ferrosur, will pay 82.2 million pesos ($6.2 million) each, while the companies that own them — including Grupo Mexico, a copper mining...
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