A Justice Department case against two energy companies under fire for their alleged non-compete agreements is in jeopardy after a federal judge has threatened to dismiss the case altogether, citing an inadequate settlement proposal. US District Judge Richard Matsch in Colorado has given the DOJ a deadline of March 7 to revise the settlement with Gunnison Energy Corporation and SG Interests. A settlement was reached about a year ago in which the companies would be ordered to pay $275,000 – a sum Judge Matsch finds too small, arguing that Gunnison demonstrated “unrepentant arrogance” at the company’s insistence of settling the antitrust claims. The energy companies were accused of colluding to rig bids for natural gas leases.
Full Content: Thomson Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI