Judge Pans DOJ Deal In Natural Gas Antitrust Suit

Law360, New York (December 13, 2012, 6:49 PM EST) -- A federal judge on Thursday rejected the U.S. government's proposed $550,000 settlement with Gunnison Energy Corp. and SG Interests Ltd. in a case alleging the companies illegally agreed not to compete in bidding for natural gas leases on government land, saying the deal clearly wouldn't deter future violations.

The U.S. Department of Justice had touted the agreement as a suitable resolution to its first challenge to an anti-competitive bidding agreement for mineral rights leases, but U.S. District Judge Richard P. Matsch sided with numerous public comments...
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