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Weinstein et al v. McClendon et al
Case Number:
5:12-cv-00465
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 10, 2013
Chesapeake Sheds Investor Suit Over $1B In CEO Loans
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.
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December 07, 2012
Chesapeake Calls Investor Suit Over Loans 'Dead Wrong'
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.
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April 26, 2012
Suits Over Chesapeake CEO's $1.1B Loans Face High Bar
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.