Natural Gas Cos. Pay $1M To End Antitrust Suit Over Leases

Law360, New York (April 22, 2013, 7:13 PM EDT) -- After rejecting a previous smaller agreement, a Colorado federal judge on Monday approved a revised $1 million settlement of an antitrust suit accusing Gunnison Energy Corp. and SG Interests Ltd. of conspiring not to compete with one another for natural gas leases.

U.S. District Judge Richard P. Matsch signed off on the agreement that orders each company to pay $275,000 to the U.S. Department of Justice for unfairly agreeing not to bid against one another for natural gas leases on government land, according to the motion....
To view the full article, register now.

Related

Sections

Case Information

Case Title

United States of America v. SG Interests I, Ltd. et al


Case Number

1:12-cv-00395

Court

Colorado

Nature of Suit

Anti-Trust

Judge

Richard P. Matsch

Date Filed

February 15, 2012

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.