Chesapeake Pays $1.6M To Settle Water Contamination Suit

Law360, New York (June 25, 2012, 5:31 PM EDT) -- Chesapeake Energy Corp. agreed Thursday to pay a group of Pennsylvania landowners $1.6 million to settle a suit claiming its oil and gas drilling contaminated their water supply.

The landowners accused Chesapeake of violating state and local environmental laws and breaching the terms of its lease agreements, claiming the company used improper drilling techniques and materials — including defective well casings — and insufficiently trained and supervised drilling personnel, resulting in the introduction of methane, ethane, barium and other harmful substances into the water supply....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.