Chesapeake Deal Staves Off Bass Family Royalty Trial

By Jess Krochtengel (September 8, 2015, 1:06 PM EDT) -- A Chesapeake Energy Corp. unit reached a trial-morning settlement with the billionaire Bass family and other plaintiffs that claimed in a Texas federal case that the energy company shorted them on royalty proceeds from natural gas wells in the Barnett Shale, a lawyer for the plaintiffs confirmed.

Chesapeake had been set to square off with Edward Bass, several entities associated with the Bass family, two Texas Health Resources hospitals and other landowners in Dallas federal court, with jury selection and opening arguments set for Tuesday afternoon. But before pretrial arguments Tuesday morning, the parties reached a deal that addresses all the...

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