San Diego, CA -- (SBWIRE) -- 10/03/2016 -- An investigation on behalf of investors of Chesapeake Energy Corporation (NYSE:CHK) shares over potential securities laws violations by Chesapeake Energy and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Chesapeake Energy Corporation (NYSE:CHK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Chesapeake Energy Corporation (NYSE:CHK) concerning whether a series of statements by Chesapeake Energy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chesapeake Energy Corporation reported that its annual Total Revenue declined from over $23.12 billion in 2014 to over $12.76 billion in 2015 and that its Net Income of over $1.91 billion in 2014 declined to a Net Loss of over $14.68 billion in 2015.

Shares of Chesapeake Energy Corporation (NYSE:CHK) declined from $30.89 per share in June 2014 to as low as $1.59 per share in February 2016. Since then NYSE: CHK reached $8.14 per share on September 12, 2016.

On September 29, 2016, Chesapeake Energy Corporation revealed that they received a subpoena from the U.S. Department of Justice, specifically asking for the Company's accounting methodology for the acquisition and classification of oil and gas properties.

Shares of Chesapeake Energy Corporation (NYSE:CHK) closed on September 30, 2016, at $6.27 per share.

Those who purchased shares of Chesapeake Energy Corporation have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com