Cohen Malad's Irwin Levin Discusses $29 Million Concrete Price Fixing Settlement

Scott Drake speaks with Irwin Levin (Cohen Malad)

A Central Indiana concrete company with ties to Muncie and East Central Indiana government projects has agreed to pay $29 million to settle a class action anti-trust lawsuit alleging it and six other companies conspired to fix the price of ready-mixed concrete.

The Indianapolis Star reported Tuesday that plaintiffs' attorney Irwin Levin of Indianapolis announced the settlement. Defendant Irving Materials Inc. of Greenfield confirmed the agreement but did not specify the amount. The settlement still must be approved by a federal judge.