DOJ Gets Conviction in First Criminal Monopoly Case in Decades
- Montana executive pleaded guilty in highway repairs case
- Case reflects Biden administration’s broad antitrust agenda
The Department of Justice building in Washington, DC.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
The Justice Department on Monday won its first criminal monopolization case in more than 40 years when a construction company executive pleaded guilty to monopolizing the market for highway crack-sealing services in Montana and Wyoming.
A Montana federal judge accepted the plea of Nathan Zito, president of of Z&Z Asphalt Inc., a paving and asphalt company in Billings, Montana, for attempted monopoly by allegedly offering a competitor a “strategic partnership” to split-up regional markets for highway repairs.