Business Buzz 66: CBS Denver: Colorado Defense Contractor Pays $1.15M Over Bid Allegation

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CBS Denver: Colorado Defense Contractor Pays $1.15M Over Bid Allegation Sep 4th 2012, 22:50 CBS Denver CBSDenver.com - News for Colorado and Denver from CBS4, plus Sports, Weather, Traffic and Top Spots Colorado Defense Contractor Pays $1.15M Over Bid Allegation Sep 4th 2012, 22:50 DENVER (AP) – Federal prosecutors say a Colorado defense contractor has agreed to pay $1.15 million to settle allegations that it illegally got information about a competitor’s bid for two contracts. The U.S. attorney for Colorado said Tuesday that Paragon Dynamics Inc. of Aurora was accused of getting copies of bid information from Raytheon Corp. A news release from prosecutors didn’t say what the defense contracts were worth or what work they called for. Spokesmen for the U.S. attorney and Paragon didn’t immediately respond to requests for comment. Prosecutors allege a Paragon employee who had access to a Raytheon facility acquired drafts of Raytheon’s proposals and faxed them to the president of Paragon. Prosecutors claim the president sent the information to another corporation that was combining with Paragon to bid on a contract. (© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.) Media files: paragon-dynamics.jpg?w=300 You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

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