Chesapeake Securities Action Goes West To Okla.

Law360, New York (October 7, 2009, 12:08 PM EDT) -- A federal judge has transferred a proposed securities class action over alleged omissions in a public stock offering for Chesapeake Energy Corp. from New York to the U.S. District Court for the Western District of Oklahoma, saying the principal allegations in the complaint occurred in that district.

Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York on Tuesday said the case should be moved because the plaintiffs have no particular ties to her district. However, the Oklahoma court, she...
To view the full article, register now.