Bid-rigging: US law firm lines up to represent clients

A US law firm is to offer public sector clients the chance to sue building contractors found guilty of anti-competitive tendering practices following the Office of Fair Trading's (OFT) investigation into 'bid-rigging' and 'cover-pricing'.

Cohen Milstein Hausfeld & Toll (CMHT) looks set to contact clients they believe have lost out as a result of bid-rigging.

The OFT's investigations, which focus on 112 firms working on contracts worth around £3bn, has estimated that anti-competitive tendering practices could have pushed prices up by 10%.

As a result, lawsuits could run into hundreds of millions of pounds.