Cargill Wins $106M RICO Award Against Warehouse Co.
Law360, New York (January 23, 2018, 5:54 PM EST) -- A North Carolina federal judge Tuesday entered a $105.5 million racketeering judgment against a warehouse and distribution company after a jury found that it had fraudulently overcharged Cargill Inc. under a distribution agreement.
U.S. District Judge Frank Whitney tripled the $35.2 million verdict entered by a jury against Charlotte, North Carolina-basd WDS Inc. The jury found Monday that the company's president and vice president had engaged in a federal Racketeering Influenced and Corrupt Organizations Act conspiracy in the course of overcharging Cargill for warehouse and distribution services and bribing a pair of Cargill employees to cover up the overcharges.
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