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Aubrey K. McClendon

Settlement erases some of Aubrey McClendon estate debts

Chesapeake Energy Corp. withdrew its claim for more than $455 million against the estate of late Oklahoma City energy magnate Aubrey McClendon as part of a settlement of a lawsuit that alleged McClendon had stolen trade secrets when he left Chesapeake in 2013.

Under the deal, Chesapeake stopped its effort to collect undisclosed compensation and benefits previously paid to McClendon and agreed to pay $3.5 million for legal fees and other services. His estate waived any claim to unpaid compensation and rights to benefits that include stock and use of a corporate jet.

An Oklahoma City probate judge signed off the deal Thursday.

He died in a 2016 vehicle crash after a...

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