Feds stipulate asset sale tied to General Shale’s Meridian takeover

Sources: U.S. Department of Justice, Antitrust Division; CP staff The Justice Department Antitrust Division calls for General Shale Brick and Meridian Brick LLC to divest three plants, 14 showrooms and distribution yards, plus six mines in a proposed settlement of an antitrust lawsuit challenging the producers’ merger. The agency filed the settlement and suit-triggering complaint in the U.S. District Court…

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Argos USA, liability heir, cooperates in feds’ concrete price-fixing investigation

Sources: U.S. Department of Justice Antitrust Division; CP staff Argos USA has entered a deferred prosecution agreement (DPA) resolving a DOJ Antitrust Division charge of conspiring to fix prices, rig bids and allocate sales for ready mixed concrete in Savannah and neighboring markets under U.S. District Court for the Southern District of Georgia jurisdiction. 

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West Virginia asphalt interests settle $100M antitrust suit

Sources: West Virginia Governor and Attorney General Offices; CP staff West Virginia and six local governments have closed a case of alleged trade restraint, monopolization and attempts to monopolize markets involving 11 defendants tied to state Department of Transportation and city or county asphalt supply and paving contracts. Denying wrongdoing and avoiding protracted litigation, lead and co-defendants agreed to a…

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Pacific Steel cites antitrust violations in Commercial Metals suit

Sources: Cohen Milstein Sellers & Toll, San Francisco; CP staff San Diego-based rebar fabricator and installer Pacific Steel Group (PSG) seeks damages and injunctive relief in a suit alleging federal antitrust and California business practices law violations by Commercial Metals Co. (CMC), Irving, Texas, and its principal plant builder, Danieli Corp., Cranberry Township, Pa. The suit details the efficiency of…

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