Oak View Group executive charged with rigging bids for Texas arena

By Jody Godoy

July 9 (Reuters) - The U.S. Department of Justice announced bid rigging charges against the chief executive officer of stadium developer Oak View Group on Wednesday, accusing him of colluding with a competitor on bids for an arena at the University of Texas in Austin in 2018.

Tim Leiweke is accused of securing an agreement with competitor Legends in which Legends would not bid on the Moody Center arena in exchange for subcontracting work, Gail Slater, head of the Department of Justice's antitrust division, told reporters.

Oak View and Legends will both pay fines pursuant to settlements with the DOJ, Slater said.