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Wednesday, June 1, 2016

Chesapeake and Anadarko Make a Play to Escape from PA Legal Troubles

From PennLive.com:
Chesapeake Energy Corp., three of its subsidiaries, Anadarko Petroleum Corp. and one of its subsidiaries make the accusations in a notice filed Friday removing a suit Kane filed in December 2015 from Bradford County to U.S. Middle District Court. 
The complaint, which has been amended twice, accuses Chesapeake of denying thousands of Marcellus Shale property owners natural gas royalty payments to which they are entitled. 
Chesapeake and Anadarko, which is headquartered in Texas, are accused of agreeing to allocate certain territories for the acquisition of leases, resulting in lower bonus and royalty rates. 
The first amended complaint asserted claims under the state's Unfair Trade Practices and Consumer Protection Law. 
The attorney general's office did not respond to defense motions to dismiss that complaint but filed a second one the defendants contend alleges that certain joint venture endeavors between Chesapeake and Anadarko in effect violate the Sherman Act and Federal Trade Commission Act.
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