Mexico Fines Maritime Transport Cos. $2.2M For Price-Fixing
Law360, New York (November 15, 2016, 6:22 PM EST) -- Mexico's competition watchdog on Monday announced it has fined three maritime transportation companies 45.2 million pesos ($2.2 million) for allegedly engaging in monopolistic practices in a passenger route in the province of Quintana Roo.
Golfo Transportacion, Naviera Ocean GM, Naviera Magna and three related officials violated the country’s Federal Economic Competition Law by conspiring to coordinate fares and days of service on a route between Playa del Carmen and Cozumel, according to the announcement by the Federal Economic Competition Commission, or COFECE.
Conservative estimates by the commission of the economic impact from the actions of the companies and the three officials...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!