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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Chesapeake Energy Corporation (NYSE: CHK) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Chesapeake Energy Corporation (NYSE: CHK) concerning whether a series of statements by Chesapeake Energy Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 1, 2016, former chief executive officer Aubrey McClendon was indicted by a federal grand jury on charges of conspiring with an unknown company to rig the price of oil and gas prices in Oklahoma. The indictment alleged that McClendon arranged a campaign to keep bid prices down from 2007 to 2012 while McClendon was CEO of Chesapeake Energy Corporation.
Following this news, NYSE: CHK shares declined more than 5%during intraday trading on March 2, 2016.
Based in Oklahoma City, Oklahoma, and founded in 1989 Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs.
If you purchased shares of Chesapeake Energy Corporation (NYSE: CHK) on or before March 1, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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