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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!