Member access

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

Delayed Quote. Delayed Nyse - 05/27 03:46:57 pm
14.785 USD   -0.90%
06:05a CHESAPEAKE ENER : American Energy Partners legal fight moves to arbi..
05/24 SEVENTY SEVEN E : Eagle & Beagle for Sunday, May 24, 2015
05/15DJCHESAPEAKE ENER :
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

04/23/2012 | 12:25pm 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
React to this article
Latest news on CHESAPEAKE ENERGY CORPORAT
06:05a CHESAPEAKE ENERGY : American Energy Partners legal fight moves to arbitration
05/24 SEVENTY SEVEN ENERGY : Eagle & Beagle for Sunday, May 24, 2015
05/22 CHESAPEAKE ENERGY : Submission of Matters to a Vote of Security Holders (form 8-..
05/21 CHESAPEAKE ENERGY : CHK) Pops 3.8% for May 21
05/15DJCHESAPEAKE ENERGY :
05/15DJCourt Rules Chesapeake Energy Must Settle Dispute with Old CEO in Arbitration..
05/15DJCourt Rules Chesapeake Energy Must Settle Dispute with Old CEO in Arbitration..
05/15DJCourt Rules Chesapeake Energy Must Settle Dispute with Old CEO in Arbitration
05/12DJAubrey McClendon's American Energy Partners Seeks Capital for Australia Push
05/11DJCARL ICAHN : Icahn Enterprises Reports Profit
Advertisement
Chart
Duration : Period :
Chesapeake Energy Corporat Technical Analysis Chart | CHK | US1651671075 | 4-Traders
Income Statement Evolution
More Financials