Antitrust Lawyer Blog Commentary on Current Developments

Carmel Concrete to Pay Fines

On April 27, the DOJ announced Hughey Inc., which does business as Carmel Concrete Products (“Carmel”), and its president, Scott D. Hughey agreed to plead guilty and pay criminal fines for fixing the price of ready mixed concrete in the Indianapolis metropolitan area. Under the plea agreement, which must be approved by the court, Carmel and the DOJ agreed to allow the court to determine an appropriate fine for the company. Mr. Hughey’s plea agreement, which is also subject to court approval, requires him to pay a fine of $30,000 to $50,000 and to serve a term of imprisonment to be determined by the court. In addition, Mr. Hughey has agreed to assist the government in its ongoing investigation. To date, four companies and nine executives have pleaded guilty or were charged for their roles in the price-fixing conspiracy. Fines totaling more than $30 million have resulted from the DOJ’s ongoing antitrust investigation of the ready mixed concrete industry.

Andre Barlow