Brian's Feed
Apr 24, 2015

Chesapeake reaches $25 million Michigan settlement over leasing charges

By Brian Grow and Joshua Schneyer

(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, fraud and racketeering charges brought by the state of Michigan, according to terms of the settlement reviewed by Reuters.

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. All other criminal charges will be dismissed by the state. Chesapeake did not admit to wrongdoing.

Apr 14, 2015

Major AEP investor settles Chesapeake trade secrets lawsuit

April 14 (Reuters) – Energy & Minerals Group (EMG), which
has invested billions in oil and gas ventures with former
Chesapeake Energy Corp Chief Executive Officer Aubrey
McClendon, has moved to extricate itself from a lawsuit filed by
Chesapeake alleging McClendon stole its trade secrets and used
them to build up his new businesses.

Houston-based EMG, a private investment firm led by John
Raymond, said on Tuesday it reached an agreement with Chesapeake
to remove American Energy-Utica (AEU) and unnamed investors from
the lawsuit Chesapeake filed in February against McClendon’s new
firm, American Energy Partners (AEP) and affiliates. American
Energy-Utica is an oil and gas venture controlled by EMG focused
on the Utica shale play.

Feb 17, 2015

Chesapeake alleges founder McClendon stole “trade secrets” to start new firm

OKLAHOMA CITY, Feb 17 (Reuters) – Chesapeake Energy Corp
filed suit Tuesday alleging its founder and former chief
executive, Aubrey K. McClendon, stole confidential company data
during his last months on the job in order to launch his new oil
and gas empire.

McClendon, 55, “misappropriated highly sensitive trade
secrets from Chesapeake” and “subsequently used these trade
secrets for the benefit of” a company he founded in 2013,
American Energy Partners LP, according to the civil complaint
filed by Chesapeake in Oklahoma County District Court.

Dec 4, 2014

Special Report: Powerful antibiotic for cows often misused by farmers

NEW YORK/ATLANTA (Reuters) – It is one of the most potent antibiotics used by U.S. cattle and dairy farmers, the key component in the top-selling drug line of Zoetis, the world’s largest animal health company.

But the strength of the antibiotic ceftiofur – and the frequency with which it’s being misused on farms across America – has created a threat to human health that may overshadow the drug’s effectiveness, a Reuters examination shows.

Dec 4, 2014

The spread of an antibiotic-resistant ‘superbug’

Dec 3 (Reuters) – A week after grilling hamburgers in his
backyard in November 2011, business consultant Kenneth Koehler
became violently ill. He suffered stomach pains, diarrhea and
nausea – and rushed to the hospital emergency room in Biddeford,
Maine.

Days later, his doctors told him that his burger was
contaminated with Salmonella Typhirium, a strain commonly found
in ground beef.

Dec 4, 2014

Powerful antibiotic for cows often misused by farmers

NEW YORK/ATLANTA, Dec 3 (Reuters) – It is one of the most
potent antibiotics used by U.S. cattle and dairy farmers, the
key component in the top-selling drug line of Zoetis, the
world’s largest animal health company.

But the strength of the antibiotic ceftiofur – and the
frequency with which it’s being misused on farms across America
- has created a threat to human health that may overshadow the
drug’s effectiveness, a Reuters examination shows.

Nov 18, 2014

Special Report: In Pentagon deal with Russians, big profit for tiny Florida firm

ATLANTA/MOSCOW (Reuters) – For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.

At issue: how much the U.S. Air Force pays for the engines, how much the Russians receive, and whether members of the elite in President Vladimir Putin’s Russia are secretly profiting by inflating the price.

Nov 18, 2014

In Pentagon deal with Russians, big profit for tiny Florida firm

ATLANTA/MOSCOW, Nov 18 (Reuters) – For months, a powerful
U.S. senator has been pushing for details of a murky deal under
which a Russian manufacturer supplies the rocket engines used to
launch America’s spy satellites into space.

At issue: how much the U.S. Air Force pays for the engines,
how much the Russians receive, and whether members of the elite
in President Vladimir Putin’s Russia are secretly profiting by
inflating the price.

Nov 5, 2014

Special Report: In oil baron’s divorce, company lawyer plays star role

OKLAHOMA CITY (Reuters) – During the divorce trial of oil baron Harold Hamm and wife Sue Ann, an unusual relationship took shape in the Oklahoma courtroom as the marriage was being dismantled.

From the bench, Special Judge Howard Haralson playfully tossed red and white peppermints to a lawyer sitting alone in the jury box who didn’t represent either of the Hamms in the case.

Nov 5, 2014

In oil baron’s divorce, company lawyer plays star role

OKLAHOMA CITY, Nov 5 (Reuters) – During the divorce trial of
oil baron Harold Hamm and wife Sue Ann, an unusual relationship
took shape in the Oklahoma courtroom as the marriage was being
dismantled.

From the bench, Special Judge Howard Haralson playfully
tossed red and white peppermints to a lawyer sitting alone in
the jury box who didn’t represent either of the Hamms in the
case.