LAWSUITS NEWS & LEGAL INFORMATION
William Trudeau & Newtown Oil
This is a settlement for the Commercial lawsuit.
Hartford, CT: (Jun-20-07) The State Attorney General Richard Blumenthal's office filed suit against Newtown Oil in 2002 alleging that the company defaulted on prepaid contracts. The suit stated that Newtown Oil stopped making deliveries on prepaid contracts four years ago, causing consumers to lose significant amounts of money. The AG's office has since then, relentlessly and tenaciously fought in order to recover losses for Newtown's consumers. State officials allege the company accepted prepaid contracts with about 1,400 customers while knowing it would be unable to deliver the oil due to severe financial difficulties.
Blumenthal stated that difficult negotiations with representatives of William Trudeau, the former owner of the now defunct Newtown Oil, resulted in a settlement of $260,000, which is 60 percent of the money consumers lost when the company stopped making oil deliveries in 2002.Trudeau, of Westport, was released from prison in 2005 after serving a 22-month federal sentence on tax evasion and wire fraud charges and agreed, with his wife Heather Bliss, to pay $260,000 in increments over the next several months. The money will be distributed to customers of the former oil company who have yet to receive a reimbursement for their loss. [NEWS TIMES LIVE: OIL CONTRACT]
Published on Jun-22-07
Blumenthal stated that difficult negotiations with representatives of William Trudeau, the former owner of the now defunct Newtown Oil, resulted in a settlement of $260,000, which is 60 percent of the money consumers lost when the company stopped making oil deliveries in 2002.Trudeau, of Westport, was released from prison in 2005 after serving a 22-month federal sentence on tax evasion and wire fraud charges and agreed, with his wife Heather Bliss, to pay $260,000 in increments over the next several months. The money will be distributed to customers of the former oil company who have yet to receive a reimbursement for their loss. [NEWS TIMES LIVE: OIL CONTRACT]
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