April 10, 2013
A federal judge in Oklahoma tossed a more than $1 billion shareholder class action against Chesapeake Energy Corp. on Wednesday, ruling that the plaintiffs never made a "cogent and compelling" argument that the company and its brass tried to defraud investors over a billion-dollar loan made by its former CEO.
December 07, 2012
Chesapeake Energy Corp. and its CEO, Aubrey McClendon, demanded Thursday that a federal court toss investors' class action against them, saying it fails to make compelling allegations of securities fraud regarding $1.1 billion the chief executive borrowed against his stakes in the company's gas wells.
April 26, 2012
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.