Atlas Arteria (ASX:ALX) Faces Federal Court Complaint by TRIP II
Federal Court Complaint
Atlas Arteria (ASX:ALX) announced that Toll Road Investors Partnership II (TRIP II) has filed a federal complaint in the Eastern District of Virginia. The complaint alleges violations of the Virginia and United States constitutions by the Commonwealth of Virginia, the State Corporation Commission (SCC), and the SCC Commissioners in their official capacities. TRIP II claims that the defendants took private property for public use without just compensation, among other issues, seeking compensatory, declarative, injunctive, punitive, and other relief.
Separate Legal Action
This action is distinct from TRIP II’s previously reported appeal of the SCC’s 2024 rate case order, which remains pending in the Virginia Supreme Court.
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