$30 million Kansas lawsuit is linked to former Chesapeake Energy CEO Aubrey McClendon’s indictment
Four months after the fiery death of Oklahoma energy executive Aubrey McClendon, oil and gas investors have cited his federal indictment in a lawsuit seeking $30 million in damages.
Chisholm Partners LLC and 16 investors in the venture sued in U.S. District Court in Kansas City, Kan. Their lawsuit seeks judgment against Chesapeake Energy Corp., which McClendon had led, and others.
Chisholm claims it sold oil and gas leasehold interests to Chesapeake at “artificially depressed” prices because of a conspiracy alleged in the indictment. The sales produced $10 million less than they would have absent a conspiracy, the suit said. It seeks treble damages under the Sherman Antitrust Act.
McClendon was indicted March 1 on charges he led a scheme to coordinate bidding for oil and gas interests with another active bidder, which the lawsuit claims was SandRidge Energy Inc. McClendon died less than a day later when the vehicle he was driving smashed into a bridge embankment in northeast Oklahoma City.
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