Chesapeake Owes BNY Mellon Attys' Fees In $1B Bond Row

Law360, Los Angeles (October 1, 2013, 4:33 PM EDT) -- A New York federal judge ruled Tuesday that Chesapeake Energy Corp. owes Bank of New York Mellon Corp. reasonable attorneys' fees incurred when Chesapeake tried to call back and refinance $1.3 billion in bonds, finding Chesapeake hadn't proven the bank acted in bad faith.

U.S. District Judge Paul A. Engelmayer held that BNY Mellon, pursuant to a disputed indenture governing the notes, was indemnified by Chesapeake for any reasonable fees and expenses. The judge also denied Chesapeake's motion to shift the burden of its attorneys' fees...
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