Chesapeake up against bid-rigging case, Reuters says
Judge Maria Barton of Michigan's Cheboygan County District Court ruled that Chesapeake (CHK) must face a criminal lawsuit regarding bid-rigging with rival EnCana (ECA) at a 2010 state land lease auction, according to Reuters, citing comments from Barton. Barton cited evidence of a conspiracy between the firms that drove state lease prices down steeply.
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