Chesapeake Seeks Arbitration In $130M Botched Venture Suit

Law360, Houston (October 24, 2012, 8:56 PM EDT) -- A unit of Chesapeake Energy Corp. on Wednesday asked a Texas federal judge to enforce an arbitration clause in a group of contracts it is seeking to rescind in a $130 million suit over a botched joint venture to develop a 54,000-acre oil and gas prospect.

Chesapeake Exploration LLC, which filed the suit earlier this month against Gastar Exploration Ltd., claims in a motion to compel arbitration that because one of five contested agreements it inked with the company related to the deal contains an arbitration...
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