Service Centers
June 26, 2014
O'Neal and Leeco Steel Win Compensatory & Punitive Damages
Written by Sandy Williams
O’Neal Steel and Leeco Steel have been awarded $117 million in compensatory and punitive damages against vendors who knowingly sold them inferior steel.
Jurors in the US District Court in the Northern District of Alabama, agreed that World Steel Unlimited and General Purpose Steel, and their owners, conspired to violate the Racketeering Influenced and Corrupt Organizations Act (RICO) and, under Alabama law, committed fraud, wantonness and conspiracy to commit wantonness, according to court records.
