Case Details

Year Initiated/Committed

1983

Year Resolved

1983

Settlement Amount

$40,000

Court

Delaware Court of Chancery

Docket Number

7198

Lead State

DE

Participating States

DE

Defendant(s)

Emulsion Products Co. Inc.

Case Description

Delaware sought civil penalties, equitable relief, damages, fees and costs, alleging Defendant, Emulsion Products Company, Inc., participated in conspiracies to rig bids in connection with the supply of liquid asphalt in the State of Delaware. The parties entered into a Final Judgment and Consent Decree enjoining the Defendant from agreeing to fix the price, to eliminate competition, and to submit rigged bids in connection with the sale of liquid asphalt. Additionally, the Defendant agreed to pay the State $40,000.00 for compensatory damages and restitution.