- Encana (ECA -1.5%) pleads no contest and agrees to pay Michigan a $5M settlement that could clear it of criminal antitrust charges stemming from its role in a 2010 land leasing spree, while Chesapeake Energy (CHK +0.2%) said at a hearing today it would continue to fight its own criminal antitrust charges (earlier).
- As part of ECA's settlement, the company agrees to cooperate with prosecutors in Michigan who are still pursuing a criminal case against CHK, which they allege was ECA's co-conspirator during the leasing spree.