Chesapeake Energy, Ex-Exec Settle Antitrust Row For $6.95M
Law360 (September 5, 2018, 10:49 PM EDT) -- Oil and gas royalty owners asked an Oklahoma federal judge Wednesday to approve a $6.95 million deal with Chesapeake Energy Corp. and its co-founder to settle antitrust claims filed for thousands of landowners alleging the company conspired to fix prices on their leases.
A group of six plaintiffs filed the request for preliminary approval of the agreement and for certification of the class for purposes of the settlement.
"This settlement — which provides for a lump-sum cash payment of $6.95 million — represents an excellent result for the class," the motion for approval said, adding that the settlement "reflects the strengths...
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