CHARLESTON, WV – Gov. Jim Justice joined West Virginia Attorney General Patrick Morrisey today to announce that the State and six local governments reached a $101.35 million settlement with 11 asphalt and paving companies – the largest single-state antitrust settlement in West Virginia’s history.

The settlement resolves allegations that West Virginia Paving Inc., Kelly Paving Inc., American Asphalt & Aggregate Inc., and eight related companies conspired to monopolize the State-approved asphalt and paving market, thus reducing competition and maximizing profits at the taxpayers’ expense.

The agreement includes $101.35 million in cash and credits, along with a mix of non-monetary terms to restore competition.



Source link

Author: Editor
Editor represents multiple online news sites, including STL.News, RSSNews.Press and more. As a media company offering website hosting, design and SEO we create the news sites in part to illustrate our "search engine friendly" web hosting and design services. In addition, we believe that our "direct source news" concept helps provide accurate information to the public without bias.