By Jeff Amy/The Associated Press
JACKSON — Attorney General Jim Hood has settled its 2007 lawsuit against the firms that built a financially disastrous beef plant in the Yalobusha County town of Oakland.
Hood says the state recovered $3,965,000 from an insurer for Georgia’s Facility Group, which was hired to oversee construction of the plant. Of that amount, $65,000 will go to an unpaid subcontractor, leaving $3.9 million for the state.
Federal, state and local subsidies for the project totaled more than $71 million, including $55 million in state loan guarantees. Hood said the state is collecting the maximum available from the Facility Group’s insurer.
Six people went to jail after a federal investigation, including three Facility Group leaders — Robert L. Moultrie, Nixon E. Cawood and Sean Carothers. Mississippi earlier recovered $550,000 from the federal case.