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This article in The Daily Review summarizes the federal and state subpoenas recently disclosed by Chesapeake.
ATTENTION ROYALTY OWNERS: We are planning to file our initial lawsuit the week of December 15. Anyone who is interested in being part of the initial suit and who has not yet signed on and submitted their lease and royalty statements should contact us and do so ASAP. You can contact any one of our law firms at the numbers shown below, or feel free to call us toll-free at (855) 338-0466, or to contact us by email at: info@marcellusroyaltyaction.com. Thanks, and we look forward to representing you.
Taunya Knolles Rosenbloom, Esq. LAW OFFICE OF TAUNYA KNOLLES ROSENBLOOM 332 South Main Street Athens, PA 18810 (570) 888-0660 Christopher Jones, Esq. GRIFFIN, DAWSEY , DePAOLA & JONES, P.C. 101 Main Street Towanda, PA 18848 (570) 265-2175 Thomas S. McNamara, Esq. INDIK & McNAMARA, P.C 100 S. Broad Street Suite 2230 Philadelphia, PA 19110 (215) 567-7125 For Bradford County landowners who have been hoping that Harrisburg would provide some help with ongoing royalty problems, here's one possible explanation for why that hasn't happened, and why we believe legal action is necessary to protect your interests.
http://www.abc27.com/story/27380396/report-marcellus-drillers-spend-millions-on-lobbyists-politicians-in-harrisburg Two interesting pieces of information from the Form 10-Q quarterly report that Chesapeake filed with the SEC on Wednesday, November 6 for the quarter ended September 30.
First, Chesapeake said its third-quarter profit more than tripled, as the company posted sharply higher revenue in its natural gas and oil segment and increased production. Second, Chesapeake confirmed that it has received, from the U.S. Department of Justice (DOJ) and certain state governmental agencies and authorities, subpoenas and demands for documents, information and testimony in connection with investigations into possible violations of federal and state antitrust laws relating to its purchase and lease of oil and gas rights in various states, as well as subpoenas seeking information on the Company’s royalty payment practice. These investigations are consistent with the approach we are taking to litigating the direct damage claims of individual royalty owners in group actions. At this point, the DOJ and state investigations (including by the Pennsylvania Attorney General's Office) are ongoing, and no one knows what the outcome(s), if any, will be. Regardless of what happens (or does not happen) as a result of the investigation, we believe that the best way for individual royalty owners to maximize and protect their individual damage claims is by direct group actions. Thank you to everyone who came out for our Town Hall Meetings last week at Sayre Are High School and last night at the Wysox Volunteer Fire Company Banquet Hall. The turnout last night was more than we had anticipated. Fortunately, thanks to the kind help of Kay and Dana McNeal, we were able to add sufficient chairs for all on the fly. We hope you found these opportunities to participate in a dialog with us and fellow Bradford County landowners helpful – we know we did. Remember, if you would like to participate with us, you will need to sign up and provide us with your lease and royalty documents. Our fee agreement is available on this this under the "More" tab, and the Documents Needed to File are listed under the FAQ tab. You can sign and submit the agreement and your lease and royalty documents in whatever manner is most convenient for you, either electronically (via e-mail, fax or electronic signature of the agreement through the website), or by mail or in person to any of our offices:
Griffin, Dawsey, DePaolo & Jones, PC 101 Main Street Towanda, PA 18848 Law Office of Taunya Knolles Rosenbloom 332 South Main Street Athens, PA 18810 Indik & McNamara, P.C. 100 South Broad Street, Suite 2230 Philadelphia, PA 19110 Feel free to call our toll-free number, (855) 338-0466, or to contact us by email to info@marcellusroyalty.com, if you have any questions or for additional information. For those who were unable to attend, keep an eye on this website and our Facebook page. If there is sufficient interest, we may be scheduling additional meetings in the near future. |
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