Federal Court in Delaware Dismisses Antitrust Challenge to Wabtec-GE Transportation Merger

PITTSBURGH--(BUSINESS WIRE)--The United States District Court for the District of Delaware has dismissed all antitrust claims filed in a lawsuit challenging the merger between Wabtec (NYSE: WAB) and GE Transportation. The Court said no harmful effects on competition resulting from the merger had been shown and also dismissed remaining antitrust allegations. The Court did not grant Wabtec's motion to dismiss alleged breach of contract and other claims, which Wabtec intends to vigorously defend.