Beware Bid-Rigging At Natural Gas Auctions

Law360, New York (April 9, 2012, 8:41 PM EDT) -- In a recently-settled civil antitrust case, the U.S. Department of Justice sent a clear message to energy firms that they should expect close scrutiny of their conduct in bidding for government leases for development rights. Firms should also expect the DOJ to coordinate with other government agencies and use multiple statutes and regulations to pursue and obtain redress for anti-competitive conduct.

On Feb. 15, 2012, the DOJ announced that it had reached a $550,000 settlement with Gunnison Energy and SG Interests (SGI) to resolve alleged violations...
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