Chesapeake-Encana Emails Could Be Antitrust 'Smoking Gun'

Law360, New York (June 25, 2012, 8:29 PM EDT) -- Emails that surfaced Monday appearing to show executives at Chesapeake Energy Corp. and Encana Corp. plotting to suppress land prices in a Michigan oil and gas play should spark a close look from federal antitrust regulators, who are pursuing bigger fines and tougher jail sentences in bid-rigging cases, experts say.

In the emails, reported by Reuters, officials from both companies, including Chesapeake CEO Aubrey McClendon, discuss how to avoid bidding each other up in a 2010 public land auction and in at least nine prospective deals...
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