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Provider: S&P Capital IQ – STARS Reports
Provider: Reuters Investment Profile
Provider: Validea
Provider: ValuEngine, Inc.

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Brazil State To Sue Siemens AG For Price Fixing-Reuters

Tuesday, 13 Aug 2013 09:32pm EDT 

Reuters reported that Brazil's São Paulo state will sue Siemens AG to recoup public funds its governor said it lost to a cartel that fixed prices for public transit construction, equipment and upkeep. 'We are going to open a case against Siemens for damages to public coffers and the state of São Paulo and to demand total reimbursement,' Governor Geraldo Alckmin told reporters. The lawsuit will be based on information in a complaint against Siemens filed with Brazil's anti-trust agency by Brazil's National Subway Operators Association, he said. 

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