Chicago Flooring Co. to pay $1.2 million for bid-rigging

By Matthew Perlman (June 10, 2022, 5:31 PM EDT) — A Chicago-based commercial flooring contractor is set to pay a $1.2 million criminal fine after the company and its former chairman plead guilty to federal antitrust charges for an alleged scheme to rig bids and fix prices.

The US Department of Justice said in a statement Thursday that Commercial Carpet Consultants Inc. and its former chairman Jerry P. Watson have pleaded guilty to the charges in federal court in Illinois. Commercial Carpet is the fourth company charged in an ongoing investigation into anti-competitive practices in the commercial flooring industry, while Watson is the sixth person to plead guilty to charges stemming from…

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