Chesapeake Energy Antitrust Suits Consolidated In Okla.

By Fola Akinnibi (April 15, 2016, 7:02 PM EDT) -- A federal judge on Friday consolidated 11 proposed antitrust class actions accusing Chesapeake Energy Corp. of engaging in a conspiracy to rig bids and limit competition for oil and gas leases in Oklahoma federal court.

U.S. District Judge Vicki Miles-LaGrange approved the consolidation and left the door open for future suits to be added to the action, which is now known as In re Anadarko Basin Oil and Gas Lease Antitrust Litigation, according to her Friday order. The suits had been pouring in since former CEO Aubrey McClendon was indicted on antitrust allegations by the U.S. Department of Justice. He died...

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