Articles Tagged with ''bid rigging''

Former chiefs of nine leading companies working in the U.S. and globally say the industry faces a more transactional environment that challenges ethical standards and could compromise corporate and practitioner accountability.

Two brothers convicted of criminal charges in July are appealing the verdict.

Oklahoma City grand jury charges Sioux Erosion Control Inc. and two employees in alleged price-fixing conspiracy that targeted more than $100 million in state transportation contracts over nearly six years, with another employee and former state official charged earlier this year and in 2023.

The conspiracy targeted contracts together worth more than $100 million on transportation infrastructure projects over several years.

Detroit-area contractor is the first company to plead guilty as the result of an ongoing antitrust investigation in the U.S. asphalt paving sector, says the U.S. Justice Dept.

The charges result from an ongoing probe into anticompetitive conduct in the asphalt paving sector, officials say.

The "right-to-control theory" used by federal prosecutors "cannot form the basis for a conviction under federal fraud statutes,” Justice Clarence Thomas said in the unanimous opinion, with the high court also ruling on disputes related to the controversial Mountain Valley gas pipeline and to state mandates affecting interstate commerce.

Ten contractors face penalties for bid collusion on 19 contracts with a combined value of $185 million.

DA Alvin Bragg announced indictments of 24 people and 26 companies in an alleged construction bid-rigging and kickback scheme over a number of years.