DD Support Board and Research Team

[Realityhurts]

SandRidge Energy Inc. is the unnamed company in the indictment, according to three people familiar with the matter. SandRidge didn’t immediately respond to a voicemail seeking comment. Tom Ward, the CEO of SandRidge during the period covered by the indictment, didn’t immediately respond to an e-mail seeking comment and no one picked up the phone at his office.
The antitrust law McClendon was accused of violating, the Sherman Act, carried a maximum prison sentence of 10 years and a $1 million fine for individuals, according to the Justice Department statement.
“I have been singled out as the only person in the oil and gas industry in over 110 years since the Sherman Act became law to have been accused of this crime in relation to joint bidding on leasehold,” McClendon said Tuesday in a statement. “I will fight to prove my innocence and to clear my name.”

http://www.bloomberg.com/news/articles/2016-03-01/chesapeake-co-founder-mcclendon-indicted-over-lease-bid-rigging

http://ih.advfn.com/stock-market/USOTC/sandridge-energy-inc-SDOC/stock-price