Land-Buying Scheme Ushered In $925M Bakken Buy, Suit Says

Law360, New York (November 26, 2012, 10:30 PM EST) -- A putative class of Native Americans on Monday sued purported middlemen in Williams Cos. Inc.'s $925 million purchase of mineral interests in North Dakota's oil-rich Bakken Shale, claiming they were part of a scheme to grab the mineral rights at undervalued rates and without other protections.

The plaintiffs contend that a member of the Three Affiliated Tribes, a consultant for a tribal development corporation, Zenergy Inc. and its president, an unidentified financier, and Dakota-3 E&P Co. LLC were part of a land-purchasing plot that the federal...
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