And
any
fines
that
might
result
from
the
investigations
could
conceivably
wipe
out
Chesapeake's
investment
in
the
state,
Reuters
reported.
Chesapeake
on
Thursday
said
it
is
the
subject
of
a
Justice
Department
investigation
into
possible
criminal
antitrust
violations
related
to
the
purchase
and
lease
of
land
in
Michigan.
The
state
has
its
own
investigation.
The
company
is
racing
to
sell
assets
to
fund
its
operations.
It
has
said
it
spent
at
least
$400
million
to
acquire
450,000
acres
of
prospective
shale
acreage
located
in
the
northern
part
of
the
state.
Before
the
antitrust
probe,…
