Alva Review-Courier -

Proposal would settle Chesapeake lawsuit for $6.95 million

 

September 7, 2018



OKLAHOMA CITY (AP) — A proposed $6.95 million settlement has been filed to end a class-action lawsuit alleging Oklahoma City-based Chesapeake Energy co-founders Aubrey McClendon and Tom Ward conspired to rig bids on leases for land to explore for oil and natural gas in northwestern Oklahoma and southwestern Kansas.

The proposal filed late Wednesday in federal court calls for thousands of people in Oklahoma and Kansas to share in the settlement proceeds, and said it comes after two mediation sessions conducted earlier this year by a retired federal judge in Oklahoma City.

"By reaching a fa...



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