"The vast majority of claimants in the Demchak and Brown-Suessenbach suits ... have no recourse in bankruptcy court for their pre-petition monetary claims," the Fifth Circuit concluded.
June 09, 2023 at 05:43 PM
3 minute read
Two settlements between Chesapeake Energy Corp. and 23,000 Pennsylvania landowners with royalty fee claims were rejected by the U.S. Court of Appeals for the Fifth Circuit.
The New Orleans appellate court ruled a federal judge in the Southern District of Texas lacked jurisdiction to affirm the settlements, which a federal bankruptcy court approved.
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