U.S. Government Sues Knorr-Bremse and Westinghouse for Antitrust Violations, Proposes Final Judgment

Summary

The U.S. Department of Justice has filed a proposed final judgment against Knorr-Bremse AG and Westinghouse Air Brake Technologies Corporation, alleging antitrust violations in the braking system market, and is seeking to settle the case with a final judgment that would require the companies to divest certain assets and implement competitive practices.