Billionaire, 84, Jailed Until Bridge Co. Finishes Work

Law360, New York (January 12, 2012, 5:57 PM EST) -- The 84-year-old billionaire owner of a Detroit bridge company and his deputy were ordered to jail Thursday for contempt of court after the company repeatedly failed to comply with a Michigan state court's order to finish work on the city's Ambassador Bridge.

Wayne County Circuit Judge Prentis Edwards said in a hearing Thursday that the only way to get the Detroit International Bridge Co. to finish the work was to imprison its owner, Manuel “Matty” Moroun, and president, Dan Stamper.

“DIBC has persistently contrived tactics to...
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