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DOE Loan Buyers Ink $29M Deal To End Bid-Rigging Claims

By Hailey Konnath (January 31, 2020, 9:57 PM EST) -- Hybrid Tech Holdings LLC, Hybrid Technology LLC and Ace Strength International Ltd. have agreed to shell out a combined $29 million to resolve False Claims Act allegations that they rigged the bidding of an auction for a U.S. Department of Energy loan, the U.S. Department of Justice announced Friday....

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