Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Tutor Perini Corporation Announces Settlement Agreement

Posted : Thu, 05 Nov 2009 23:22:34 GMT
Author : Tutor Perini Corporation
Category : Press Release
News Alerts by Email ( click here )
News | Home
SYLMAR, Calif. - (Business Wire) Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that it has entered into a civil settlement agreement with the United States Department of Justice that resolves all outstanding issues for the Company related to a federal investigation into subcontracts between the Company’s Civil Division and certain minority-owned and disadvantaged-owned business enterprises on construction projects in the New York City area between 1998 and 2003.

The Company has fully cooperated with the government throughout its investigation. In December, 2008, the U.S. Attorney’s Office in the Eastern District of New York informed Tutor Perini that no criminal charges would be brought against the Company in connection with the investigation. The Company has reinforced its policies and procedures to ensure compliance with statutory and contractual requirements concerning the utilization of business enterprises owned by minorities and the disadvantaged. Under the civil settlement agreement, the Company will pay $9.75 million to the Department of Justice. This amount was fully expensed in prior years and will have no material impact on Tutor Perini’s 2009 financial results.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

Kekst and Company
Douglas Kiker, 212-521-4800
or
Tutor Perini Corporation
Ken Burk, 818-362-8391
Executive Vice President & Chief Financial Officer
www.tutorperini.com


Copyright © 2008 Business Wire. All rights reserved.
Share/Save/Bookmark

Article : Tutor Perini Corporation Announces Settlement Agreement
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

DAILY customizes Rigid UHF tag for Industrial Applications
DAILY's rigid UHF tag is specially designed for Industrial Applications, since it is extremely resistant to harsh environment, including metallic and moist conditions. And the rigid on-metal tags can be customized from 860MHz to 960MHz, as well as in different sizes and shapes for each application's requirements.

ICB Financial Third Quarter 2009 Financial Performance
ONTARIO, Calif., Nov. 23 -- ICB Financial (OTC Bulletin Board: ICBN) and its wholly owned subsidiary, Inland Community Bank, N.A. (the "Bank"), reported special charges to earnings to bolster reserves during the quarter ended Sept...

2009 SATU Steering Committee Meeting and E-Classroom Workshop Held in NCKU
TAINAN, Taiwan - The Annual Steering Committee Meeting of the Presidents' Forum of Southeast and South Asia and Taiwan Universities (SATU) was held in National Cheng Kung University (NCKU), Tainan, Taiwan on November 12th ~ 13th, 2009. Additionally, there was together with a Workshop on

Celebrate Christmas at the St Margarets Christmas Fair, Sunday 6 December
The St Margarets Christmas Fair a href= http://www.mystmargarets.com onclick= linkClick( this.href ); target= _blank http://www.mystmargarets.com/a offers a festive day of fun, Christmas entertainment and great local Christmas shopping for all the family. /I/P PSt Margarets, Twic...

Free Wondreshare spyware removal - protect PC agianst spyware, trojan virus and slow performance!
Wondershare Spyware Removal is a free program that helps remove spyware, trojan virus and other security threats caused by spyware and other unwanted software.

Steve Sargent Named President and CEO of GE Capital Asia Pacific
NORWALK, Conn. - GE Capital, the financial services segment of the General Electric Company (NYSE:GE), today announced the appointment of Steve Sargent as president and CEO of GE Capital’s business operations in Asia Pacific. Sargent, 49, will oversee operations for GE

QStar and Panasonic Target the Medical Market with New Advanced Disc for Archive Using Blu-ray Cartridge Media
Network-Attached DICOM Store Appliance to be Exhibited at RSNA 2009

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.