Concrete Co. Settles Antitrust Claims For $29M: Atty

Law360, New York (October 27, 2009, 7:29 PM EDT) -- Indiana-based building materials supplier Irving Materials Inc. has agreed to pay $29 million to settle claims brought in a class action against several concrete companies alleging they participated in a price-fixing scheme for ready-mixed concrete in the Indianapolis market.

Irwin B. Levin, of Cohen & Malad LLP, who is co-lead counsel for direct purchaser plaintiffs in the consolidated case in the U.S. District Court for the Southern District of Indiana, said Irving Materials struck the deal last week, as part of a settlement with several defendants...
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