Okla. Court Reinstates Chesapeake Well Fees Deal

Law360, New York (September 24, 2009, 5:17 PM EDT) -- Oklahoma's highest court has reinstated a class of well owners who entered into a $6.5 million settlement in a suit claiming fossil fuels giant Chesapeake Energy Corp., which managed the wells, overcharged the owners for marketing and other costs.

Wednesday's decision, in the Supreme Court of the State of Oklahoma, reversed a state appellate court, which had ruled that a trial court erred in approving a class in which there existed conflicts.

"A reserve for the court approved settlement was made years ago and this reversal...
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