Chesapeake Says They’re in the Crosshairs of Justice Dept.

crosshairsThe Obama Justice Department didn’t waste any time going after Chesapeake Energy after Reuters reported in late June that Chesapeake may have colluded with a competitor, Encana, to keep land lease prices low in Michigan. Just four days after the story broke, the Justice Department served Chesapeake with a subpoena for documents.

Chesapeake acknowledged yesterday they are the target of an ongoing government investigation, an investigation that involves a grand jury and the prospect of indictments.

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