Chesapeake has delayed or refused to complete other purchases in that region as well, the lawsuit states.
“Chesapeake has convinced numerous leasehold owners in Michigan to sell leases to Chesapeake instead of other prospective purchasers, and then manufactured alleged title defects or other alleged justification not to close the agreements after discovering negative information concerning the zones within the Collingwood range,” according to the lawsuit.
Chesapeake has delayed or refused to complete other purchases in that region as well, the lawsuit states.
“Chesapeake has convinced numerous leasehold owners in Michigan to sell leases to Chesapeake instead of other prospective purchasers, and then manufactured alleged title defects or other alleged justification not to close the agreements after discovering negative information concerning the zones within the Collingwood range,” according to the lawsuit.
MrKevinBKoonce 7 months ago