Chicago Flooring Co. To Shell out $1.2M For Bid-Rigging

Chicago Flooring Co. To Shell out $1.2M For Bid-Rigging

By Matthew Perlman (June 10, 2022, 5:31 PM EDT) — A Chicago-primarily based business flooring contractor is set to fork out a $1.2 million prison fine soon after the organization and its previous president pled guilty to federal antitrust rates in excess of an alleged plan to rig bids and fix costs.

The U.S. Section of Justice stated in a assertion Thursday that Business Carpet Consultants Inc. and its previous president Jerry P. Watson have pled guilty to the fees in Illinois federal court. Professional Carpet marks the fourth organization billed in an ongoing investigation into anticompetitive methods in the business flooring sector, while Watson is the sixth particular person to plead responsible to charges stemming from…

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