EnCana Settles With Gallo Winery In Antitrust Dispute

By Richard Vanderford (October 21, 2009, 5:38 PM EDT) -- EnCana Corp. has settled a long-running antitrust suit brought by E&J Gallo Winery alleging the Canadian energy giant conspired with other industry players to drive up the price of natural gas.

Granting a joint motion from the parties, Judge Anthony Ishii of the U.S. District Court for the Eastern District of California on Tuesday dismissed the case with prejudice.

California-based Gallo sued EnCana in 2003, alleging that the energy company colluded with its competition to inflate natural gas prices. The case had been slated to go to trial Nov. 2.

The terms of the settlement were not disclosed, and representatives for...

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