September 06, 2018

A class of landowners in Oklahoma and Kansas announced Thursday the settlement of a federal antitrust lawsuit against Chesapeake Energy and others for nearly $7 million, ending claims filed a day after indicted former CEO Aubrey McClendon died in a fiery single-car crash.

The plaintiffs filed a motion for preliminary approval of the settlement late Wednesday in Oklahoma City federal court. They say the agreement was the “hard-fought product of two separate all-day mediation sessions” conducted by a former federal judge. If approved, the money will be dispersed to potentially thousands of individual and commercial property owners in northwest Oklahoma’s Anadarko Basin.

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