Law360, New York (September 12, 2011, 8:21 PM ET) -- A Texas federal judge on Monday refused to let about 500 mineral rights holders who leased oil-and-gas rights to Chesapeake Energy Corp. litigate as a class in a lawsuit accusing the energy company of breaking the contracts by deliberately underpaying them.
The plaintiffs claim that Chesapeake — one of the largest natural gas drillers in the U.S. — and several subsidiaries deliberately underpaid them or walked away from lease payments entirely after gas prices dropped in the financial crisis.
U.S. District Judge T. John Ward said...
Chesapeake Energy Shakes Class Cert. Bid In Lease Suit
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