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Tuesday, March 8, 2016

Charges Against McClendon Dropped, But Investigation into Industry Continues

From NGI:
Prosecutors in Oklahoma are dropping charges against Aubrey McClendon for his alleged role in a bid rigging conspiracy, following his untimely death Wednesday. However, an ongoing federal investigation continues into price fixing, bid rigging and other anticompetitive conduct in the oil and natural gas industry, officials said. 
The motion to dismiss the charge against the natural gas industry icon, 56, was filed Thursday in U.S. District Court for the Western District of Oklahoma, one day after he was killed in a one-vehicle crash in Oklahoma City (see Shale Daily, March 2a; March 2b). 
Dismissing the action "would best meet the ends of justice in that the defendant is now deceased," the filing by the Department of Justice's Chicago-based Antitrust Division said. 
A Justice spokesperson said the federal investigation of antitrust conduct in the industry, which has been ongoing for about four years, would continue.
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