Chesapeake Energy Corporation v. The Bank of New York Mellon Trust Company, N.A.

  1. July 27, 2015

    Chesapeake Takes $380M Bond Buyback Ruling To 2nd Circ.

    Chesapeake Energy Corp. said Monday it will appeal to the Second Circuit a New York federal judge's ruling that it must pay nearly $380 million to bondholders whose $1.3 billion in notes it redeemed at par in 2013 in what it thought at the time was a timely special buyback.

  2. July 21, 2015

    BNY Mellon Chides Chesapeake For Trying To Avoid Bond

    Chesapeake Energy Corp. caught flak for trying to submit a letter of credit instead of a surety bond pending its appeal of bondholders' $380 million judgment, with The Bank of New York Mellon Trust Co. NA arguing Tuesday the substitution would open the bank to risk.

  3. July 10, 2015

    Chesapeake Owes $380M For Botched Bond Buyback

    A New York federal judge ruled Friday that Chesapeake Energy Corp must pay nearly $380 million to bondholders whose $1.3 billion in notes it redeemed at par in 2013 in what it thought at the time was a timely special buyback, finding the investors should received the full make-whole price.

  4. October 01, 2013

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

    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.

  5. May 08, 2013

    Chesapeake Wins Bid To Buy Back $1.3B In Bonds

    A New York federal judge Wednesday sided with Chesapeake Energy Corp. in its bid to call back and refinance $1.3 billion in bonds, rejecting arguments from trustee Bank of New York Mellon that the energy company had moved too late in redeeming the notes.

  6. April 23, 2013

    Chesapeake Defends $1.3B Bond Buyback Plan In BNY Trial

    Chesapeake Energy Corp. has the contractual authority to call back and refinance $1.3 billion in debt despite objections from Bank of New York Mellon that it moved too late, a lawyer for the oil-and-gas company told a federal judge Tuesday.

  7. April 01, 2013

    BNY Mellon Drops Interest Bid In $1.3B Chesapeake Bond Row

    Bank of New York Mellon will not attempt to force Chesapeake Energy Corp. to make a massive interest payment to bondholders as part of its plan to refinance $1.3 billion in debt, the bank said Monday, dropping a central claim in a lawsuit between the two.

  8. March 19, 2013

    Chesapeake Gets Trial Date In $1.3B Row With Bondholders

    A federal judge on Tuesday set aside a date in late April for a trial on whether Chesapeake Energy Corp. can proceed with its plan to refinance $1.3 billion in bonds over bondholders' objections.

  9. March 14, 2013

    Chesapeake Gets Lukewarm Nod To Try $1.3B Bond Refinance

    A federal judge on Thursday refused to grant Chesapeake Energy Corp. formal legal protection for its disputed plan to refinance $1.3 billion in bonds, but hinted that the company can push forward without fear of a painful payday to bondholders.

  10. March 12, 2013

    Judge Rips Chesapeake Bondholders In $1.3B Refinance Row

    A federal judge on Tuesday criticized investors in Chesapeake Energy Corp. bonds who oppose its plan to refinance $1.3 billion in debt, suggesting that they intend to unjustly enrich themselves at the natural gas company's expense.

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