Blog Posts

TOWN HALL MEETINGS FOR ROYALTY OWNERS NEXT WEEK

12/11/2014

We invite royalty owners who have leased mineral rights in Bradford County (or in adjacent townships in Sullivan, Susquehanna and Wyoming Counties) to attend one of our upcoming Town Hall Meetings, to meet our litigation team, to earn more about our planned approach, and to get answers to any questions you may have. The meetings scheduled for next week will be held:

Tuesday, December 16, 2014, at 9:00 a.m. at the Ulster-Sheshequin Fire Hall, 85 Rescue Street, Ulster;

Tuesday, December 16, 2014, at 1:00 p.m. at the New Albany Fire Hall, Main Street, New Albany;

Tuesday, December 16, 2014, at 6:00 p.m. at the Wyalusing Presbyterian Church, 120 Church Street,Wyalusing; and

Wednesday, December 17, 2014, at 1:00 p.m., at the LeRoy Community Association Building, Mill Street, LeRoy.

There is no cost to attend, no obligation involved, and no need to register in advance.

We look forward to meeting you.

THE ONGOING FEDERAL AND STATE INVESTIGATIONS OF CHESAPEAKE'S ROYALTY PAYMENT PRACTICES ARE NO REASON TO SIT BACK AND WAIT.

12/10/2014

The DOJ and state investigations of Chesapeake which were disclosed in Chesapeake's Form 10-Q filed with the SEC on November 6, finally have been picked up by the Associated Press, and are getting renewed press coverage a month later. Followers of Facebook page and this website learned about the disclosure here, and on our Facebook page, on Nov. 7.

Among other things, Chesapeake disclosed in its Form 10-Q that it has "accrued a loss contingency" of $100 million on its financial statements in connection with a royalty owner class action filed on behalf of Oklahoma royalty owners in 2010.

The ongoing investigations by the DOJ and Pennsylvania attorney general DO NOT mean that royalty owners can afford to sit back and wait for the government to take action. Although any judgment or settlement in favor of the DOJ or PA AG would probably be helpful to us, a judgment, fine or settlement in favor of the government would not necessarily put any $ in your pocket for prior underpayments, which is what we will be seeking to do as part of the Marcellus Royalty Action. For that, you will need to pursue your own claims.

http://eaglefordtexas.com/news/id/141905/chesapeake-energy-royalty-practice-investigated/

chesapeake ROYALTY OWNERS IN SULLIVAN, Susquehanna AND WYOMINg county townships adjoining bradford county are also welcome to attend our upcoming town hall meetings

12/6/2014

Although the Marcellus Royalty Action is focused on Bradford County, we recognize that some of the same issues we see in Bradford County appear to be affecting Chesapeake royalty owners in several townships in Sullivan, Susquehanna and Wyoming counties adjacent to Bradford County. As a result, Chesapeake royalty owners those townships are also welcome to attend our upcoming town hall meetings on December 16 in Wyalusing, New Albany or Ulster, or on December 17 in LeRoy. We would be pleased to evaluate your royalty statements and potential claims to see if they fall within the scope of our intended action.

ADDITIONAL TOWN HALL MEETING ADDED In LEROY

12/6/2014

We have just scheduled an additional Town Hall Meeting for Wednesday, December 17, @ 1:00 p.m., at the LeRoy Community Association Building, on Mill Street in LeRoy, for royalty owners in the western part of Bradford County. Come meet our litigation team, learn more about our planned approach, and get answers to any questions you may have.

SAVE THE DATE AND SPREAD THE WORD!

12/3/2014

Our next Town Hall Meetings for Bradford County royalty owners will be on Tuesday, December 16, including: a meeting at 9:00 a.m. at the Ulster Fire Hall, on Mill Street in Ulster; a meeting at 1:00 p.m. at the New Albany Fire Hall, on Main Street, in New Albany; and a meeting at 6:00 p.m. at the Wyalusing Presbyterian Church, at 120 Church Street, in Wyalusing. Come meet our litigation team, and learn more about approach.

AS FRAUD ALLEGATIONS MOUNT AGAINST CHESAPEAKE ENERGY, SO DOES FRUSTRATION

11/26/2014

https://stateimpact.npr.org/pennsylvania/2014/11/24/as-fraud-allegations-mount-against-chesapeake-energy-so-does-frustration/

Department OF Justice HAS SUBPOENAED CHESAPEAKE'S ROYALTY RECORDS

11/24/2014

This article in The Daily Review summarizes the federal and state subpoenas recently disclosed by Chesapeake.

http://thedailyreview.com/news/dept-of-justice-has-subpoenaed-chesapeake-energy-s-royalty-records-1.1787282

DEADLINE TO JOIN FIRST ACTION IS APPROACHING

11/23/2014

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

HOW MUCH DO You SPEND ON LOBBYISTS AND POLITICAL CONTRIBUTIONS?

11/14/2014

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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

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CHESAPEAKE SUBPOENED BY DOJ AND STATES OVER POSSIBLE ANTITRUST VIOLATION AND ROYALTY PAYMENT PRACTICES

11/7/2014

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.

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