An attorney who filed a class-action lawsuit in southern Oklahoma accusing SandRidge Energy of the same kind of conspiracy allegations leveled in federal lawsuits does not believe the company’s Chapter 11 bankruptcy will affect his suit.
Attorney Jim Sill responded after SandRidge attorneys filed a stay for the suit in Stephens county, according to a report in the Duncan Banner. Sill had filed the suit for two Stephens county landowners affected by the oil companies, claiming the company conspired with Chesapeake Energy to depress the value of oil leases in the Anadarko Basin.
“The filing by SandRidge of a Chapter 11 bankruptcy petition does not, in our view, impact or delay progress of the case against other parties,” Sill told the Duncan Banner. “We are proceeding to seek recovery on behalf of mineral interest owners who deserve to be heard.”
The original suit was filed against SandRidge Energy, Chesapeake Energy and Tom Ward, founder of SandRidge.
SandRidge had asked May 9 for a stay in court, then this week filed a motion for an automatic stay, stating it would be as a result of its Chapter 11 bankruptcy filing.
The lawsuit, file CJ-2016-00063R in Stephens County was filed April 13, 2016 by William Mallory and Towanda Mallory. District Judge Russell G. Brent was assigned the case.