The Tribune Democrat, Johnstown, PA

Business

June 6, 2014

CTC absolved of wrongdoing as federal investigation ends

JOHNSTOWN — The multi-year investigation into Johnstown-based Concurrent Technologies Corporation has ended, according to an official press release from the company.

The company was cleared of any wrongdoing, the release states, and David Hickton, U.S. Attorney for the Western District of Pennsylvania, has closed the case.

"CTC fully cooperated with the government throughout this matter and produced substantial records for review," stated President and CEO Ed Sheehan Jr. in the release. "We are extremely pleased with the government's decision and appreciate this matter has been brought to a close. CTC has always been and will continue to be a federally compliant contractor."

According to the release, the company was named one of the World's Most Ethical Companies by Ethisphere Institute in 2012 and 2013.

"CTC is pleased to have this matter behind us," Sheehan stated.

 

Look for more details in Saturday's Tribune-Democrat.

Justin Dennis is a multimedia reporter for The Tribune-Democrat. Follow him on Twitter at @JustinDennis.

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