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April 24 (Reuters) - Chesapeake Energy Corp., the second largest U.S. natural gas producer, will create a $25 million compensation fund as part of a settlement on Friday of antitrust and racketeering charges brought by the state of Michigan, according to terms of the settlement reviewed by Reuters. A criminal antitrust trial under way in Michigan state court in Cheboygan has been suspended as part of the settlement. In addition to the compensation fund, Chesapeake agreed to plead no contest to one count each of attempted antitrust violation and false pretenses, both misdemeanors. Under terms of the agreement, the court will dismiss those charges after 11 months if Chesapeake adheres to the settlement terms. The antitrust charge brought by Michigan's Attorney General Bill Schuette against Oklahoma City-based Chesapeake alleged the company colluded with a competitor, Encana Corp., to suppress oil and gas land lease prices at an October 2010 state land lease auction. Encana agreed to pay $5 million in a civil settlement with the state in May 2014. Separately, Chesapeake faced Michigan charges of racketeering and false pretenses that alleged the company defrauded private landowners in the state during 2010. Those charges, for which Chesapeake was slated to face another criminal trial, will be dropped by the state as part of the settlement agreement. (Reporting By Brian Grow and Joshua Schneyer. Editing by Michael Williams and Chizu Nomiyama)
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Encana Corporation
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EXPLORATEUR |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Encana est une société de production minière de pétrole et de gaz basée au Canada. Encana détient divers projets d'exploration au Canada. Son principal projet en exploration est BUFFALO HILLS au Canada. Encana est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,8 milliards CA$ (3,7 milliards US$, 3,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 23 novembre 2018 à 9,99 CA$, et son plus bas niveau récent le 24 janvier 2020 à 4,96 CA$. Encana possède 973 120 000 actions en circulation. |