Chesapeake Energy Corporation
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Case Summary | |
Company Name: | Chesapeake Energy Corporation |
Stock Symbol : | NYSE: CHK |
Class Period Start: | 12/31/2015 |
Class Period End: | 04/06/2016 |
Lead Plaintiff motion: | 06/03/2016 |
Date Filed: | 04/05/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the class action lawsuit filed against Chesapeake Energy Corporation (NYSE: CHK) (“Chesapeake Energy” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York on behalf of investors, who beneficially held Chesapeake's 6.875% senior notes due 2020 and 6.125% senior notes due 2021 ("Class Notes") from December 31, 2015 to the present. If you purchased Chesapeake Energy Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that on December 2, 2015, Chesapeake Energy announced a proposed private debt exchange (the "Exchange Offer") through which it would exchange and replace certain Class Notes, along with certain other notes, for newly-issued 8.00% Second Lien Senior Secured Notes due 2022 (the "8.00% 2L Notes"). The Company's pursuit of the Exchange Offer benefited only themselves and a small group of holders of Class Notes and violated the implied covenant of good faith and fair dealing. If you were negatively impacted by your investment in Chesapeake Energy Corporation securities between December 31, 2015 to the present and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |