Found this post on MARCELLUSROYALTYACTION.com. Has anybody heard anymore? Thought there would be lots of comments. I know that I will be opting OUT!!!
The settlement is only in Chesapeake's favor. This class action, along with any other settlement, will change your lease forever. Once you accept a settlement that allows them to take any deductions, then you are giving them the right to take them forever, even if you think that your lease is a NO DEDUCTION lease. You also give up your right to certain future lawsuits against Chesapeake.
Watch for the notice in the mail. It is not junk mail, and affects your future. OPT OUT!!!! Do not give in to Chesapeake.
NOTICE OF PRELIMINARY APPROVAL OF CLASS SETTLEMENT IN DEMCHAK PARTNERS CLASS ACTION AND OF DECEMBER 17, 2015 DEADLINE TO OPT-OUT OF PROPOSED CLASS SETTLEMENT
If you receive royalties from Chesapeake based on a lease that contains a Market Enhancement Clause, you should be aware that the Court entered an Order on October 2, 2015 certifying a Settlement Class and preliminarily approving the proposed Class Settlement in the Demchak Partners class action case, and establishing December 17, 2015 as the deadline to exclude yourself from the Class Settlement. For more information, see our FAQ page titled How Does the Proposed Class Settlement in the Demchak Partners Clas...
When Chesapeake leaves Ohio like a scalded dog, whoever they sell our leases to will have to follow them verbatim.
Everyone needs to keep their leases unaltered by the courts or you will be kicking your own backsides when the next O&G company pays per our leases.
If the next O&G company doesn't want to pay a fair royalty, we'll walk them to the state line for violating our state laws, since they won't be able to afford to buy the shale state elected officials like the big company did.
You know I'm right!
Hey, there are 3 shale state gov's and one shale state elected official running for President. Let's make sure they know how US landowners feel about politicians who don't do the will of the people.
One more thing. It's time we consider the fact that corporations running our government is worse than having the Church run our government as our Founding Fathers knew that the Church would interfere with the Will Of The People the same way the Corporations are now doing.
Who disagrees with this fact?