Chesapeake Energy and McClendon Estate Reach Settlement
Chesapeake Energy Corp. and the estate of co-founder and former CEO Aubrey McClendon have agreed to settle a multimillion-dollar dispute over data, stocks and use of a corporate jet, reports The Oklahoman.
The deal calls for Chesapeake to pay $3.25 million in legal fees and drop claims for $445 million related to data McClendon took from the company when he was fired in April 2013.
In exchange, the McClendon estate agreed to drop claims on remaining compensation from the separation, including cash, stock and use of Chesapeake’s corporate jet,” writes Adam Wilmoth.