GCC Alliance Cops To Concrete Price-Fixing

Law360, New York (May 20, 2011, 5:38 PM EDT) -- GCC Alliance Concrete Inc. pled guilty Friday to three counts of price-fixing as part of an ongoing federal antitrust investigation of the ready-mix concrete industry in Iowa and surrounding states.

The Orange City, Iowa-based company will receive a criminal fine to be determined by U.S. District Judge Mark W. Bennett. Its four-member board of directors met March 29 and decided the plea agreement was in its best interests, according to court filings.

Beginning in June 2008 or earlier, the company agreed with others to eliminate competition...
To view the full article, register now.