CDR has been under investigation for its business practices around the country by the Justice Department’s Antitrust Division, the Internal Revenue Service and the Securities and Exchange Commission.
The IRS is examining more than 20 deals between 1996 and 2005 that center on CDR’s involvement in bid-rigging and price-fixing issues, according to court documents filed in an antitrust case in U.S. District Court in New York’s Southern District.