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Monday, June 10, 2013

Chesapeake Will Have to Face Lawsuit Over Underpayment of Royalties in Ohio

From Bloomberg:
Chesapeake Energy Corp. (CHK) must face an Ohio lawsuit over allegations the company underpaid gas royalties for years, an appeals court said, reinstating the case.
The lawsuit, brought as a class action on behalf of Ohio leaseholders, alleges that a Chesapeake predecessor company began by 1993 to “deliberately and fraudulently underpay the full gas royalty due” and that Oklahoma City-based Chesapeake continued the practice after taking over the leases in 2005.
Read the rest of the article, which goes on to detail how this isn't the only such case Chesapeake is dealing with, by clicking here. 

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