A lawsuit was filed on behalf of investors in Chesapeake Energy Corporation (NYSE:CHK) shares over alleged securities laws violations and NYSE:CHK investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/10/2016 -- The Shareholders Foundation announced that an investor, who purchased shares of Chesapeake Energy Corporation (NYSE:CHK), filed a lawsuit in Oklahoma over alleged violations of Federal Securities Laws by Chesapeake Energy.
Investors who purchased shares of Chesapeake Energy Corporation (NYSE:CHK) have certain options and for certain investors are short and strict deadlines running. Deadline: December 5, 2016. NYSE:CHK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff claims that between February 27, 2015 and September 28, 2016 the Defendants made false and/or misleading statements and/or failed to disclose that Chesapeake Energy had improperly accounted for the acquisition and classification of oil and gas properties, that Chesapeake Energy lacked effective internal financial controls, and that as a result of the foregoing, Chesapeake Energy's public statements were materially false and misleading at all relevant times.
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