Velma-Alma Independent School District v. Chesapeake Energy Corporation

Velma-Alma was a statewide (Oklahoma) class of royalty owners who had been underpaid their royalties as a result of affiliated transactions and improper affiliate and third-party deductions from their royalties.  Velma-Alma was certified as a class for settlement purposes.  Chesapeake paid the Class $10,500,000.00 to resolve the litigation.

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