One of two named defendants in Michigan’s lawsuit accusing the firms of conspiring to manipulate land lease costs is reportedly asking a judge to toss the antitrust suit, say reports.
US-based Chesapeake Energy and Canada-based Encana were charged last March with antitrust violations as the state accused the natural gas companies of colluding to artificially suppress the cost of land leasing in Michigan. A federal investigation into the matter was recently dropped.
Now, Chesapeake is reportedly requesting Michigan to drop the case as well, filing a motion to dismiss the suit last Friday. Both defendants deny any wrongdoing.
The dispute stems from a joint venture proposal between the firms that ultimately was not carried out. Prosecutors claim the companies’ ties led them to collude to divide oil and has leases in the state.
Full content: NewsOK
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI