Mississippi Attorney General Jim Hood said Monday that he's settled the state's 2007 lawsuit against the firms that built a financially disastrous beef plant in the Yalobusha County town of Oakland. The Associated Press is reporting that the state recovered $3,965,000 from an insurer for Georgia's Facility Group, which was hired to oversee construction of the plant. Of that amount, $65,000 will go to an unpaid conveyor belt contractor, leaving $3.9 million for the state.
Hood said the state is collecting the maximum available from the Facility Group's insurer. The company and its officers had little money left because their business collapsed after the deal. Three of its top executives were jailed after the federal case.
Source: Associated Press