We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Insulation Cos. Plead Guilty To Bid-Rigging

Law360 (April 5, 2007, 12:00 AM EDT) -- Two insulation service companies and one of their owners have pled guilty to rigging bids offered to New York hospitals over a five-year period, the U.S. Department of Justice said.

Michael Theodorobeakos and two companies he co-owns, Monosis Inc. and STU Associates Inc., have admitted to conspiring to offer anti-competitive contracts to New York City’s Mount Sinai Medical Center and New York Presbyterian Hospital, the DOJ said on Wednesday.

Theodorobeakos faces up to 10 years in prison, three years of supervised release and $1 million in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.