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No Antitrust Recovery For Undercut Bids Bids; Damages

Monday, October 03, 2005 04:11 pm

 
No Antitrust Recovery For Undercut Bids Bids; Damages

A company which had its bids undercut by competitors has been unable to recover from the alleged wrongdoers under federal antitrust or racketeering statutes.

James Cape & Sons Co. alleged that principals of Streu Construction Co. and Vinton Construction Co. gained the cooperation of a Cape employee who tipped off the competitors on Cape's bids on Wisconsin Department of Transportation contracts. One or the other of the competitors consistently underbid Cape on the contracts, sometimes by as little as $1,500. Several individuals went to prison as a result of this activity.

Cape sued Streu, Vinton and [...]

 
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