Chesapeake Energy Hit With Antitrust Suit By Landowners

Law360, Dallas (March 3, 2016, 8:08 PM EST) -- Chesapeake Energy Corp. was hit Thursday by a proposed antitrust class action in Oklahoma federal court by a group of oil and gas royalty owners over an alleged conspiracy orchestrated by the company to rig bids and limit competition for oil and gas leases.

The case comes one day after Aubrey McClendon, Chesapeake's CEO and part-owner of the NBA's Oklahoma City Thunder, died in a car accident that occurred less than 24 hours after he was indicted on allegations by the U.S. Department of Justice that he'd been working between 2007 and 2012 with oil and gas companies to decide in advance...

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