Attorney General Richard Blumenthal filed a multimillion-dollar lawsuit against imprisoned waste hauler James Galante, saying his companies overcharged commercial customers as much as 10 percent on grounds of passing along increased disposal costs.
Galante ran Danbury-based Associated Waste Disposal Inc. and several affiliated companies.
Blumenthal said Galante owes several customers refunds, including Yale University, after rigging bids with a competitor.
Galante paid a $100,000 fine on federal racketeering charges, and is currently serving a seven-year sentence at a federal prison in Pennsylvania.
Two weeks after Securities and Exchange Commission and other federal officials raided the Ridgefield office of Southridge Investment Group L.L.C., the Connecticut Department of Banking issued a cease-and-desist order barring the hedge fund from trading securities on grounds of selling unregistered securities as well as other charges.
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Southfield deals primarily in private investment in public entities, an investment strategy that is currently the target of a probe by the SEC and Manhattan District Attorney Robert Morgenthau.
