FTC Prevails In Chicago Bridge Antitrust Case

Law360, New York (January 25, 2008, 12:00 AM EST) -- A federal appeals court has denied Chicago Bridge & Iron Co. NV’s bid to review a Federal Trade Commission ruling that found that the global engineering and construction firm had broken antitrust laws by buying up its rival’s assets.

The U.S. Court of Appeals for the Fifth Circuit upheld on Friday a 2005 ruling by the FTC that determined that CB&I’s takeover of Pitt-Des Moines Inc.’s engineering and construction unit in 2001 elbowed out competitors in four relevant U.S. markets for natural-gas and industrial-storage tanks....
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