- Associated Press - Friday, September 29, 2017

MONTGOMERY, Ala. (AP) - The Alabama Supreme Court is upholding a multi-million dollar verdict against a south Alabama timber processing company.

The justices ruled Friday that Monroe County-based Alabama River Group Inc. and its chief executive, George Landegger, must pay about $6 million to six wood dealers.

The companies filed suit claiming they were cheated into accepting lower prices based on Alabama River Group’s participation in a federal subsidy program. A jury in Monroeville awarded the companies more than $8 million in compensatory and punitive damages.

A judge reduced the verdict to $6.4 million and Alabama River Group appealed. The Supreme Court rejected claims that the verdict wasn’t based on the law and was excessive.

The court’s opinion says Landegger was under house arrest for a tax-related conviction during the civil trial in 2015.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide