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Feds set precedent in mineral rights case targeting four natural gas bidding leases

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Amanda Lang

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The Department of Justice says three companies will pay a total of $550,000 for antitrust and False Claims Act violations in bidding for four natural gas leases.

The leases were sold at auction by the U.S. Department of Interior's Bureau of Land Management. The DOJ said that this is the first time they challenged an anticompetitive bidding agreement for mineral rights leases.

The DOJ filed both a civil antitrust complaint in U.S. District Court for the District of Colorado and a proposed settlement that would resolve the lawsuit. The settlement is pending court approval. The complaint alleges that the agreement between Gunnison Energy Corporation, SG Interests I Ltd. and SG Interests VII Ltd. violated Section 1 of the Sherman Act.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Antitrust Law; Corporate Fraud; Natural Gas, Add Tags

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