Railroad Price-Fixing Suit To Stay On Track: Judge

Law360, New York (November 10, 2008, 12:00 AM EST) -- In a blow to four major U.S. railroad operators, including Union Pacific Railroad Co., a federal judge has shot down the companies' bid to throw out a class action accusing them of violating antitrust laws by engaging in a price-fixing scheme to set fuel surcharges.

U.S. District Judge Paul L. Friedman of the District of Columbia denied the defendants' motion to dismiss the case on Friday after finding that the plaintiffs had adequately stated a claim under the heightened pleading standards set out by the U.S....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.