Latest news with #SamuelJones
Reuters
25-03-2025
- Business
- Reuters
Private equity firm Trive sued over alleged fuel infrastructure scheme
March 25 (Reuters) - A fuel station supplier sued Trive Capital and two of its portfolio companies in federal court in Iowa on Monday, claiming they restricted competition in the U.S. Midwest for gas pump distribution and servicing, driving up fuel prices. The lawsuit, opens new tab from JF Petroleum Group said Trive, Seneca Companies and OWL Services used acquisitions to consolidate U.S. pump distribution and servicing for years and conspired to block JF from the market in Iowa and southern Illinois, in violation of U.S. antitrust law. The defendants also tried to curtail Casey's, the third largest convenience store chain in the United States, from doing business with JF Petroleum, according to the complaint. Dallas-based Trive, which boasts more than $8 billion in investments under management, in a statement said "the case and claims against Trive, OWL Services and Seneca Companies are without merit" and and said they would fight the lawsuit. A lawyer for JF Petroleum at law firm McGuireWoods did not immediately respond to a similar request. North Carolina-based JF Petroleum distributes and services pumps for gas and diesel at major retail stations across the country. The lawsuit escalates a feud between Trive's Seneca, which provides fueling equipment and support services, and rival JF Petroleum. Seneca is suing JF Petroleum in a separate lawsuit, accusing it of interfering with existing and potential agreements with customers and employees. JF Petroleum has denied the allegations. JF Petroleum in its lawsuit said it had invested millions of dollars to expand into Iowa and Southern Illinois, but 'has faced unlawful obstacles at every turn.' The lawsuit seeks unspecified monetary damages and a court order that would stop the alleged anticompetitive business practices. The case is JF Acquisition LLC v Seneca Companies Inc et al, U.S. District Court for the Southern District of Iowa, No. 4:25-cv-00104-SHL-WPK. For plaintiff: Nicholas Giles of McGuireWoods, and Samuel Jones of Shuttleworth & Ingersoll
Yahoo
30-01-2025
- Business
- Yahoo
Sacramento State breaks ground on five-story housing hall
( — Sacramento State has officially broken ground on a new housing project that will help alleviate the growing housing needs for returning and first-year students. The first bits of dirt were turned on Thursday for what will become the five-story, 97,100 square-foot Mt. Whitney Hall which will house over 300 students. There will be 246 rooms available with 164 singles, 75 doubles and seven triple-occupant rooms. The university said that in May 2024 there were around 600 upper-division students that were waiting for housing to become available. What is now required of Sacramento County street vendors after recent vote? The new housing hall will be located west of Riverview Hall, south of Desmond Hall and east of the American River Courtyard. A portion of the funding for the $69 million project will be covered by a $41 million grant from California's Higher Education Student Housing Program. As part of the grant, Sacramento State will add 285 affordable housing beds to the campus across its eight residence halls for qualifying students. 'Having more students living in the residence halls will help us retain students,' said Samuel Jones, executive director for University Housing Services. 'Residence hall students typically have higher GPAs, and the campus will be more vibrant with additional students living on campus.' Since Mt. Whitney Hall will cover a portion of parking lot two, the university said that additional parking spots will be allocated for students living on campus. Some features of the new housing hall include:• A recreation room• An academic lounge• Conference and classroom spaces• Study areas• A student computer and TV lounge Sacramento State said it expects the project to be completed by Fall 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
