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August 11, 2014

Imco says it was wrongly accused in DBE scheme

The U.S. District Attorney's Office last week said Imco General Construction agreed to a $200,000 settlement with the U.S. Department of Transportation for violations of the disadvantaged business enterprise program.

But Ferndale-based Imco says the federal government failed to charge the real offenders, and said it decided to settle to avoid a lawsuit that it estimates could have topped $100 million.

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