FOR THE DISTRICT OF COLUMBIA
Plaintiff, the United States of America ("United States") respectfully moves the Court, pursuant to Federal Rule of Civil Procedure 60(b)(5) and Section XIII of the Final Judgment entered in this matter on July 16, 2007 ("Final Judgment"),(1) to modify the Final Judgment by entering the attached proposed Modified Final Judgment. Defendant, Amsted Industries, Inc. ("Amsted") does not oppose this motion.
Under the terms of the Final Judgment, Amsted was required to divest FM Industries, Inc.'s tangible and intangible assets to Wabtec Corporation ("Wabtec") to enable Wabtec to enter the United States end-of-car cushioning units ("EOCC") market. Paragraph IV.D of the Final Judgment provides that if Wabtec fails to deliver an EOCC manufactured or reconditioned by Wabtec within one year of the entry of the Final Judgment, Progress Rail Services Holding Corporation ("Progress Rail") will be released from its covenant not to compete with Amsted in the market for EOCCs.
The United States seeks a modification of the Final Judgment to allow Wabtec additional time to sell its first EOCC before Progress Rail is released from its covenant not to compete. Plaintiff proposes to modify Paragraph IV.D of the Final Judgment to read as follows:
The proposed modification is equitable in nature and serves the public
interest by effectuating the remedy intended in the Final Judgment.
Accordingly, the United States respectfully requests that the Court
grant the Motion and enter the proposed Modified Final Judgment attached
hereto as Exhibit A.
CERTIFICATE OF SERVICE
I hereby certify that on this 14th day of July 2008, I caused a copy
of the foregoing Motion of Plaintiff United States to Modify Final Judgment,
by U.S. mail, postage prepaid, to the attorneys listed below:
For Amsted Industries, Inc.:
Peter J. Love, Esquire
1. Section XIII of the Final Judgment provides that "[t]his Court retains jurisdiction to enable any party to this Final Judgment to apply to this Court at any time . . . to modify any of its provisions."