What is a Legacy Lawsuit?
A legacy lawsuit refers to a lawsuit by a landowner claiming that oil and gas operations, often many years ago, caused his property to become polluted and contaminated. These suits typically name every operator who ever worked at the site as defendants, often going back decades. Legislation was enacted to balance the rights of landowners with the requirement to clean up sites. However, it has been circumvented by a handful of plaintiff lawyers who file outrageous claims while not allowing for cleanup at the site. This results in companies- often many years removed from exploration activities- facing numerous lawsuits and being forced to choose between extreme settlement demands or going through a lengthy trial without having the opportunity to address the clean up.
This does not relate to any Payson Petroleum Lawsuit information, it is for informational purposes only.