Proposal would settle Chesapeake lawsuit for $6.95 million

OKLAHOMA CITY (AP) — A proposed $6.95 million settlement would end a lawsuit alleging the co-founders of Oklahoma City-based Chesapeake Energy conspired to rig bids on leases for land to explore for oil and natural gas.

The proposal filed late Wednesday in federal court calls for thousands of people in Oklahoma and Kansas to share in the settlement.

Aubrey McClendon left Chesapeake in 2013 over differences with the company’s board of directors. Tom Ward, who left Chesapeake in 2006 and later formed now-bankrupt Sandridge Energy, denied the conspiracy allegation.

The lawsuit alleges McClendon, who died in a March 2016 auto accident the day before the lawsuit was filed, and Ward conspired from 2007 to 2012 for Chesapeake and Sandridge to not bid against each other in order to suppress prices for leases and royalties.

adwpadmin

adwpadmin

More News

STORMTRACKER 18 WEATHER
Osseo
62°
Menomonie
62°
Chetek
Durand
Ladysmith
60°
Neillsville
60°
Rice Lake
57°
New Richmond
57°
Black River Falls
64°
Medford
River Falls
Duluth
52°
Green Bay
61°
La Crosse
Madison
61°
Milwaukee
67°
Twin Cities
59°
Weather Outlook: Heavy rain and severe storms possible Thursday

Weather Outlook: Heavy rain and severe storms possible Thursday

A warm front lifts through the region tonight and tomorrow, bringing heavy rain. South of the front, there will be

Connect With WQOW
Top Stories

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

UPDATE: Middleton shooter was employee of business where he opened fire

The Middlelton Police department sent a phone message to residents about an active shooter.

Scroll to top
Skip to content