Credit: Rangsarit Chaiyakun/Shutterstock Carter Ledyard Files RICO Suit Alleging That Energy Companies Took Part in Massive Bid-Rigging Scheme
This suit was surfaced by Law.com Radar. Read the complaint here.
November 30, 2021 at 05:31 PM
2 minute read
Energy
Iberdrola, a Spanish renewable energy company, Avangrid Networks and other defendants were hit with a civil RICO and trade secrets lawsuit Monday in New York Southern District Court. The case, which arises from previous criminal proceedings involving corporate espionage and procurement fraud, accuses the defendants of engaging in a 'pay-to-play' scheme in which lucrative energy contracts are steered toward competitors.
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