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Merced concrete company awarded $2.5m from rival

By Scott Jason MERCED -- Central Valley Concrete won a $2.5 million settlement Thursday against a competitor, which a jury said feigned interest in buying the company so it could gain access to financial records and evaluate its potential for success in the Merced market. American Transit Mix, now owned by Houston's Cemex, agreed to pay the Merced-based company $2.5 million in damages after a jury found it guilty on five charges. The trial in Merced County Superior Court lasted about three weeks. "I think the jury sent a message to the community that if you engage in sharp business practices, you will be held accountable," CVC's Fresno attorney Steven Paganetti said outside the courtroom.

Full post as published by The Trade Secrets Vault on July 11, 2008 (boomark / email).