Oak View Group executive charged with rigging bids for Texas arena
View all comments(0)
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.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Like
Recommended Articles
Featured Tools
Top News
'Big Short' Burry Doubles Down: Nvidia, Palantir Short Positions Double in Big Bet on AI Bubble Bursting

Is Micron the Next Nvidia? Why the 2026 "Memory Crunch" Makes MU Stock a Top AI Buy

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

U.S. April CPI Preview: Fed May Abandon Rate Cuts Until 2026?

Hantavirus Appears Sporadically, Is Now the Opportunity to Buy Vaccine Concept Stock Moderna?

Tradingkey






Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.