Judge: Connecticut trucking company’s assets can be auctioned

user-gravatar

A Connecticut judge ruled Tuesday, Jan. 10 that the assets of a Bloomfield trucking company can be sold to compensate victims of a fiery crash that killed four people last July.

All of American Crushing and Recycling’s trucks and equipment will be sold at an auction in March. Company owner David Wilcox had argued that about half the company’s assets belonged to him and his son, but Judge Vanessa Bryant disagreed.

Attorney General Richard Blumenthal says the judge’s decision means the company is out of business forever. A court-appointed receiver estimates the auction could gross between $1.2 and $1.4 million; after all the fees are paid, that will leave between $300,000 and $500,000 for crash victims.

One of the company’s trucks went out of control in July and barreled down Avon Mountain, causing a chain reaction crash that injured 19 people. Wilcox and his wife, Donna Wilcox, have been charged with attempted insurance fraud, attempted larceny and conspiracy to commit larceny for allegedly trying to reinstate insurance on the truck after the crash without telling the insurer what happened.