New legal challenges are impacting the ongoing probate process stemming from the death of former Chesapeake Energy founder Aubrey McClendon. Attorneys representing Ryan Turner, an executive for American Energy Management Services, have filed claims against the McClendon estate seeking to uphold profit-sharing agreements made by Mr. McClendon to key executives at the firm, including Mr. Turner. American Energy was formed by Mr. McClendon in 2013, after he left Chesapeake.
Daniel Charest, co-managing partner of Burns Charest in Dallas and attorney for Mr. Turner, says:
As chief investment officer, Ryan Turner played an essential role in building the value within the American Energy structure and seeks the benefits he earned from his hard work.
The probate action is pending in the State District Court of Oklahoma County, Oklahoma. To date, the Court has approved some asset sales and scheduled evidentiary hearings related to distributions from the McClendon estate.
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