Exec’s Fate Cemented In Concrete Price-Fixing Case

Law360, New York (December 15, 2006, 12:00 AM EST) -- The former president of Carmel Concrete Products is headed off to prison for 14 months for his alleged participation in a widespread plot to fix the prices of ready-mix concrete in central Indiana.

On Thursday, U.S. District Judge Larry McKinney ordered Scott D. Hughey to fork over a $30,000 fine in addition to serving more than a year in jail.

Hughey will also spend a year on supervised release upon completing his sentence, Judge McKinney ruled.

Prosecutors were disappointed with the ruling, hoping that the judge...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.