The 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.