Chesapeake Energy Corpoation facing antitrust violation charges
Fri, 11 Jul 2014 16:06:37 GMT —
The Oklahoma based Chesapeake Energy Corporation is ordered by Cheboygan District Court Judge Mara Barton to proceed to trial on bid-rigging charges.
Michigan Attorney General Bill Schuette announced on Friday that the corporation is facing one count of violating Michigan antitrust law for its alleged role in bid-rigging at the October 2010 state oil and gas lease auction.
"Bid-rigging will not be tolerated in the Great Lakes State," says Schuette. "We are confident in our case, and will be prepared for trial."
According to the AG Press, Schuette plans on appealing two additional charges in the Cheboygan County Circuit court that Judge Barton dismissed.
Schuette originally filed charges in March of 2014 for alleged antitrust violation the summer of 2010 as well as the state land auction held by the DNR in Oct. of 2010.
Chesapeake Energy Corporation faces one count of conducting criminal enterprises, and twenty counts of false pretenses on June 25.
A trial date in Cheboygan Circuit Court has not been scheduled.
The maximum for this case is $1 million for the corporation.
This investigation is still ongoing.