Gastar Wants Out Of $130M Chesapeake Joint Venture Dispute

Law360, New York (November 15, 2012, 3:01 PM EST) -- Gastar Exploration Ltd. on Wednesday asked a Texas federal judge to toss a Chesapeake Energy Corp. unit’s $130 million suit seeking to rescind contracts for a botched joint venture, saying Chesapeake was aware of a third-party claim to several Gastar oil and gas leases and signed the contracts anyway.

According to the oil and gas exploration company’s motion to dismiss Chesapeake Exploration LLC’s suit, both Chesapeake and Gastar knew at the time of signing the five contracts — related to the proposed development of the 54,000-acre...
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