Chesapeake Settlement Notifications Mailed to Northern Michigan Residents

LANSING, MI – Michigan Attorney General Bill Schuette today announced that his Corporate Oversight Division is in the process of mailing claim forms to approximately 700 Northern Michigan residents who were affected by a racketeering and bid–rigging scheme involving Chesapeake Energy Corporation that caused lease prices on their land to plummet and defrauded hundreds of Michigan residents in 2010.Chesapeake Energy Corporation

“These hardworking Michigan residents took a big financial hit due to the actions of this company,” said Schuette. “I am pleased to see this settlement process moving forward and hope those who were negatively affected by this scam can continue their financial recovery.”

Schuette encourages Michigan residents who signed oil and gas leases with Chesapeake in 2010 to look for claim forms in their mailbox. The forms should be completed and returned to the claims administrator as instructed. All eligible residents should have received claim forms with a letter dated October 28, 2015, and a second round is being mailed to those who have not yet filed claims. The claim period will end February 25, 2016. Questions or inquiries regarding settlement claims should be directed to the Division of Corporate Oversight at 517-373-1160.

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