5th Circ. Says Chesapeake Can't Duck Property Damage Suit

Law360, New York (June 13, 2012, 1:38 PM EDT) -- The Fifth Circuit on Tuesday reversed a lower court decision limiting compensation that a development company could receive from a Chesapeake Energy Corp. subsidiary for alleged property damage from oil and gas drilling operations, calling the terms of the lease between the companies ambiguous.

Greenwood 950 LLC accuses Chesapeake Louisiana LP of preventing the company from further developing a residential subdivision near Shreveport, La., by locating their drill sites directly on the main road of the property, which kept the subdivision from being completed as designed...
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