Levi & Korsinsky is investigating potential claims against the board of
directors of Chesapeake Energy Corporation (“Chesapeake” or the
“Company”) (NYSE: CHK) concerning whether the board of directors
breached its fiduciary duty to shareholders.
For more information, click here: http://www.zlk.com/chesapeake-energy-chk.
The investigation stems from reports that the Company’s Chairman and
CEO, Aubrey McClendon, used his stakes in Company wells as collateral to
finance his share of the well costs. Reports indicate that McClendon
took out more than $1.1 billion in loans which were never disclosed to
Chesapeake shareholders. Shares of Chesapeake stock fell more than 5%
following this revelation.
If you own Chesapeake stock and wish to obtain additional information
about the investigation and your legal rights, please contact Joseph E.
Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee