Chesapeake Gets Well Owner Class Action Tossed

Law360, New York (September 14, 2011, 2:07 PM EDT) -- A New York federal judge on Tuesday ruled that an Oklahoma well owner failed to state a breach of contract claim in her proposed class action accusing Chesapeake Energy Corp. of illegally selling part of its share in her wells for $4.9 billion.

U.S. District Judge Denise Cote dismissed the case, finding that the plaintiff, Mary L. McCall, also lacked standing to bring the claims on behalf of a proposed class of similar working interest owners in other wells.

In her complaint, McCall claimed that Chesapeake...
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