Unhappy landowners recently brought an antitrust class action lawsuit against Chesapeake Energy Corp. and other defendants in an Oklahoma federal court. The plaintiffs in the case allege that the defendants carried out coordinated and successful efforts “to rig bids and otherwise depress the amounts they paid to property owners for the acquisition of (a) oil and gas leasehold interests and (b) producing properties, in violation of Section 1 of the Sherman Antitrust Act, 15 U.S.C. § 1.”
Filed in U.S. District Court for the Western District of Oklahoma, the complaint names Chesapeake Energy, Chesapeake Exploration, SandRidge Energy and several other defendants. Plaintiff Don Beadles, in trust for the Alva Synagogue Church of God, initiated the class action lawsuit on behalf of a putative class of landowners who entered into oil and gas leases with Chesapeake and the other defendants that agreed to carry out exploration and production efforts on their land.
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