DOJ Requires Railroad Component Divestiture

Law360 (April 19, 2007, 12:00 AM EDT) -- Alleging anti-competitive conduct, the U.S. Department of Justice has forced industrial component company Amsted Industries Inc. to divest certain assets resulting from its 2005 acquisition of FM Industries.

In a complaint and accompanying consent decree filed Wednesday before the U.S. District Court in Washington D.C., the DOJ accused Amsted of raising prices on end-of-car cushioning units, or EOCCs, directly after purchasing FMI, its one competitor in the market.

“Amsted’s acquisition of FMI has reduced the number of new EOCC suppliers from two to one, resulting in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.