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In the United States, bid rigging is a federal felony criminal offense under Section 1 of the Sherman Act. Even so, bid rigging is still rampant in the construction industry, auto sale auctions, and foreclosed home auctions.
The list includes several publicly listed companies, including Balfour Beatty, Kier Group and Carillion, with 80 of the firms have already admitted participating in some form of bid-rigging, or have applied for leniency in return for assisting the OFT. The allegations centre around "cover pricing", in which firms secretly agreed the prices they ...
Addyston Pipe and Steel Co. v. United States, 175 U.S. 211 (1899), was a United States Supreme Court case in which the Court held that for a restraint of trade to be lawful, it must be ancillary to the main purpose of a lawful contract. A naked restraint on trade is unlawful; it is not a defense that the restraint is reasonable.
The case involved the bid system for Aldi construction projects in southern Illinois and Missouri. Breese contractor and Aldi executive sentenced in bid-rigging and kickback scheme Skip to main ...
New York is facing yet another lawsuit alleging it rigged the bidding process for Gov. Kathy Hochul’s move to overhaul a massive $9 billion homecare program.
Fort Pierce City Manager Nick Mimms was arrested Wednesday on single counts of bid rigging and official ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please ...
ProPublica in 2022 investigated the use of algorithms created by RealPage by rental companies across the United States to set rents, which critics worry has helped to raise rents by limiting competition. [32] The US DOJ escalated its investigation into price-fixing in March of 2024, [33] and filed an anti-trust lawsuit in August of 2024. [34]
A North Haven insulation contractor who pleaded guilty in 2020 to bid-rigging and fraud was sentenced this week to a year and a day in prison, and he and his company must pay more than $1 million ...