Tim Leiweke to step down as CEO of Oak View Group

Leiweke will step down following an indictment in an alleged bid-rigging scheme. The Justice Department charged Leiweke with a violation of Section 1 of the Sherman Antitrust Act. The indictment alleges Leiweke conspired with another bidder to drop out in exchange for subcontracts at the $388 million Moody Center in Austin, Texas. Leiweke faces a maximum penalty of 10 years in prison and a $1 million fine if convicted.