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Chesapeake Energy: Justice Department Conducting Antitrust Investigation

By Angel Gonzalez HOUSTON--Chesapeake Energy Corp. (CHK) said Thursday that the U.S. Department of Justice is conducting an antitrust investigation into its oil and gas leasing activities. The disclosure comes in the wake of a Reuters report in June that said the company may have colluded with rival Encana Corp. (ECA) while bidding for oil and gas leases in Michigan. Chesapeake said in a quarterly filing with the U.S. Securities and Exchange Commission that the Midwest Field Office of the Department's Antitrust Division had requested documents from the company for a grand jury investigation of possible violation of antitrust laws. Chesapeake said it also has received demands from state governmental agencies related to other investigations of its oil and gas rights leases and purchases. "Chesapeake intends to provide information in response to these investigations, and its Board of Directors is conducting an internal review of the matter," the company said in the filing. Write to Angel Gonzalez at angel.gonzalez@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Chesapeake (CHK)
DateTimeHeadline
02/08/201620:14:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 3rd Update
02/08/201617:19:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 2nd Update
02/08/201616:42:00Dow Pares Losses to End Volatile Session Off 1.1%
02/08/201616:22:00Stocks Pare Losses Ahead of Closing Bell
02/08/201613:30:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- Update
02/08/201613:21:00Stocks Sink as Bank, Energy Shares Tumble
02/08/201612:53:00MARKET SNAPSHOT: Stocks Battered Again; S&P On Track For Lowest...
02/08/201612:20:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy
02/08/201612:10:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy
02/08/201611:35:00MARKET SNAPSHOT: Stocks Drop On Global Growth Fears; Dow Down...
02/08/201611:18:00Chesapeake Energy Corporation Statement
02/08/201611:02:00MARKET SNAPSHOT: U.S. Stocks Tumble To 22-month Low As Energy...
02/03/201608:00:00Chesapeake Energy Corporation Provides 2015 Fourth Quarter And...
01/26/201616:33:00MARKET SNAPSHOT: U.S. Stocks End Sharply Higher, Lifted By Oil's...
01/26/201613:55:00MARKET SNAPSHOT: Dow Jumps Nearly 300 Points As Stock Rally Gathers...
01/26/201612:06:00MARKET SNAPSHOT: Dow Up More Than 200 Points As Stock Rally Gathers...
01/26/201612:05:00MARKET SNAPSHOT: Dow Up More Than 200 Points As Stock Rally Gathers...
01/22/201609:39:00U.S. Hot Stocks: Hot Stocks to Watch
01/22/201609:10:00Chesapeake Energy Suspends Dividends on Preferred Stock
01/22/201609:04:00Chesapeake Energy Suspends Preferred Dividends; Will Pay Down...

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