Chesapeake Bankruptcy Puts PA Landowner Royalty Lawsuits on Hold
On Sunday a week ago (June 28) Chesapeake Energy filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). As part of the filing, the company asked the bankruptcy court to allow it to break existing, legal, enforceable contracts with pipeline companies (see Chesapeake Asks Court to Break Pipeline Contracts, Including M-U). We're just now learning the company's filing also puts on hold lawsuits brought by landowners against it over Chessy's royalty shenanigans. The cases on hold include a case brought by the Pennsylvania Attorney General's office argued before the PA Supreme Court in May (see PA Supremes Hear Oral Arguments in Can of Worms Royalty Lawsuit).
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