Violation Tracker Individual Record

Company: 
Chesapeake Energy Corp.
Current Parent Company: 
Chesapeake Energy
Penalty: 
$25,000,000
Year: 
2015
Date: 
April 24, 2015
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Chesapeake Energy Corp. agreed to pay $25 million to a victims compensation fund in settlement of allegations it conspired with Encana Oil & Gas to avoid bidding wars for Michigan oil and gas leases. It also pleaded guilty to one count of attempted antitrust violations, a misdemeanor, and one count of false pretenses, a misdemeanor. Criminal sentencing was suspended on condition of abiding by settlement terms. Encana settled the allegations against it in 2014

Level of Government: 
state
Action Type: 
agency action
Agency: 
Michigan Attorney General
Civil or Criminal Case: 
criminal
Private Lawsuit Resolution Type: 
settlement
Facility State: 
Michigan
HQ Country of Parent: 
USA
HQ State of Parent: 
Oklahoma
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.