Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Chesapeake Energy Corporation    CHK   US1651671075

Delayed Quote. Delayed Nyse - 10/31 04:01:41 pm
22.18 USD   +3.89%
6h agoDJSouthwestern Energy Shares Have 57% Upside -- Barron's
11h agoCHESAPEAKE ENERGY CORPORATION : quaterly earnings release
14h agoDJSouthwestern Energy Shares Have 57% Upside -- Barron's
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Chesapeake Energy Corporation : Finkelstein Thompson LLP Announces Investigation of Chesapeake Energy Corp.

04/23/2012 | 01:25pm US/Eastern

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Chesapeake Energy Corp. ("Chesapeake" or the "Company") (NYSE: CHK). If you are interested in discussing your rights as a Chesapeake shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.

On April 18, Reuters reported that the Company's Chief Executive Officer, Aubrey McClendon, had borrowed up to $1.1 billion against his personal ownership stakes in wells owned by the Company. Reuters additionally reported the loans were "used to fund McClendon's operating costs for an unusual corporate perk that offers him a chance to invest in a 2.5 percent interest in every well the company drills." The article went on to observe that experts had stated that the "size and nature of the loans raise questions about whether McClendon's personal financial deals could compromise his fiduciary duty to Chesapeake investors," and that the company had not previously disclosed the loans to shareholders.

On April 19, 2012, the Wall Street Journal reported that the Company's general counsel had confirmed that the Company's board of directors was aware of the existence of transactions Mr. McClendon made via entities he controlled. An article published in the same newspaper the next day quoted an Argus Research analyst as stating "[w]e believe the best thing for investors would be to replace the board and/or the CEO."

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Finkelstein Thompson LLP
L. Kendall Satterfield, 877-337-1050


© Business Wire 2012
Latest news on CHESAPEAKE ENERGY CORPORAT
6h agoDJSouthwestern Energy Shares Have 57% Upside -- Barron's
11h agoCHESAPEAKE ENERGY CORPORATION : quaterly earnings release
14h agoDJSouthwestern Energy Shares Have 57% Upside -- Barron's
4d ago BHP Billiton eyes sale of U.S. shale gas assets in profit drive
10/24 Chesapeake Oilfield Services pulls IPO plans
10/22 CHESAPEAKE ENERGY : Announces Sale of Southern Marcellus and Utica Shale Assets ..
10/22 CHESAPEAKE ENERGY : Sets Date to Report 3Q Financial Results
10/17 CHESAPEAKE ENERGY : Entry into a Material Definitive Agreement, Regulation FD Di..
10/17 CHESAPEAKE ENERGY : sells shale assets to Southwestern Energy for $5.375 bn
10/16 S&P 500, Nasdaq end higher with energy; Dow down 6th day
Advertisement
Chart
Duration : Period :
Chesapeake Energy Corporat Technical Analysis Chart | CHK | US1651671075 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF