5th Circ. Says Chesapeake Must Pay $120M Oil Lease Verdict

By David McAfee (May 2, 2014, 6:28 PM EDT) -- The Fifth Circuit on Thursday held that Chesapeake Energy Corp. must pay approximately $120 million for three purchase and sale agreements on Texas oil and gas leases in a breach of contract dispute with Preston Explorations Co. LP and affiliates, saying Chesapeake didn't go to the closing....

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