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Chesapeake Energy settles royalty lawsuits for $52.5 million

Chesapeake Energy settles royalty lawsuits for $52.5 million

Chesapeake Energy is settling hundreds of lawsuits against it regarding natural gas royalty payments. David Kent Star-Telegram archives

“After three weeks of good faith mediation led by a former Federal Judge, the MDL #1 case has been resolved to our satisfaction, though it is subject to our clients’ written approval. We are pleased that we have achieved a mutually acceptable global settlement and greatly appreciate the constructive approach taken by Chesapeake’s current leadership to resolve this matter.”

Read the full Star-Telegram Article