Germany Fines Rail Makers $154M Over Cartel

Law360, New York (July 5, 2012, 2:50 PM EDT) -- Germany's cartel office on Thursday handed down a total of €124.5 million ($154 million) in fines to four railway track makers, including a unit of steel giant ThyssenKrupp AG, for allegedly taking part in a scheme to fix track orders.

The ThyssenKrupp subsidiary, ThyssenKrupp GfT Gleistechnik GmbH, was fined €103 million in connection with its alleged role in fixing orders on rails that Germany's Federal Cartel Office said were supplied to the country's national railway operator, Deutsche Bahn AG. A Vossloh AG unit was fined €13...
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