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US: Judge tells DOJ to shape-up in energy settlement case

By  |  February 27, 2013
US: Judge tells DOJ to shape-up in energy settlement case

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.

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    Full Content: Thomson Reuters

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