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October 30, 2020

Posted  October 30, 2020

Eleven asphalt and paving companies operating in West Virginia, including West Virginia Paving Inc., Kelly Paving Inc., American Asphalt & Aggregate Inc., and eight related companies, entered into a settlement to resolve claims that they conspired to monopolize the asphalt and paving market.  The alleged anti-competitive conduct increased the cost of road paving paid for by the state and local entities within the state.  The settlement, valued at $101.3 million, includes a cash payment of $30.35 million and an additional $71 million in credits that can be applied by the government to work over the next seven years, including work that is already completed but not yet paid for.  WV

Tagged in: Bribery and Bid-Rigging, Government Procurement Fraud,