Suits Over Chesapeake CEO's $1.1B Loans Face High Bar

Law360, New York (April 26, 2012, 7:34 PM EDT) -- If Chesapeake Energy Corp. escapes investors' wrath over revelations that CEO Aubrey McClendon borrowed $1.1 billion against his stakes in the company's gas wells — news that sparked a lawsuit and reportedly a regulatory probe Thursday — it may have an unlikely helper: Martha Stewart.

Legal experts say a 2003 Delaware Chancery Court ruling that the board of Stewart's company was under no obligation to monitor her personal finances, including the stock trading that led to her conviction, may keep Chesapeake out of hot water, at...
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