We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Jury Awards $404M In Suit Against Chesapeake

Law360 (January 29, 2007, 12:00 AM EST) -- A jury has awarded a massive $404 million in a class action lawsuit brought against a West Virginia gas company for allegedly underpaying royalties and engaging in price-fixing with another company.

Chesapeake Energy Corp. and NiSource Inc., the current and former owners of Columbia Natural Resources, promised to appeal Saturday’s verdict, which punished CNR for allegedly locking its prices for a five-year period.

The Roane County Circuit Court jury decided the award less than two weeks after the West Virginia Supreme Court of Appeals ruled that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.