Oak View’s Leiweke Indicted by US in Arena Bid-Rigging Probe (2)

The Justice Department said it is indicting longtime sports and entertainment executive Tim Leiweke over allegations of bid-rigging related to the development of an arena in Texas.

Leiweke’s company, Oak View Group LLC, is entering into a non-prosecution agreement with the department and will pay a fine of $15 million. Oak View rival Legends also entered into a non-prosecution agreement with the US and will pay a $1.5 million fine over the matter.

The cases relate to allegations that Oak View illegally coordinated with Legends on the bidding to develop and operate the Moody Center, a $338 million ...