December 08, 2014
Chesapeake Energy Corp. urged an Oklahoma federal judge on Friday to toss a "tagalong" shareholder derivative suit alleging Chesapeake's top brass defrauded investors over $1.1 billion in loans taken out by its former CEO, saying the suit repackages claims that have already been rejected by a higher court.
April 20, 2012
Chesapeake Energy Corp. CEO Aubrey McClendon and eight other company executives were hit with two derivative actions Thursday and Friday in Oklahoma over $1.1 billion in loans McClendon allegedly took out against his investments in the company, endangering the financial stability of its oil and gas wells.