Case Overview

Represented the Official Committee of Royalty Owners in the Chesapeake Energy Corp Bankruptcy. The appointment of the committee to represent an estimated 200,000 royalty owners was the first in the history of complex oil and gas bankruptcies. Chesapeake filed an emergency motion to disband the committee days after its formation and was denied. With input from the committee each revision of the Plan of Reorganization provided enhanced rights and reservations for the royalty owners, balancing the group's rights to pursue pre-petition claims while also supporting Chesapeake's continued operations and revenue streams versus liquidation. Based on these efforts the plan was confirmed with a commitment from Chesapeake's CEO to treat "all of Chesapeake's stakeholders with transparency."