INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Chesapeake Energy Corp. & Encourages Investor...
October 06 2016 - 9:04PM
Business Wire
Lundin Law PC (the “Firm”) announces the filing of a class
action lawsuit against Chesapeake Energy Corporation (“Chesapeake”
or the “Company”) (NYSE: CHK; CHKDG) concerning possible violations
of federal securities laws between February 27, 2015 and September
28, 2016 (the “Class Period”). Investors, who purchased or
otherwise acquired shares during the Class Period, should contact
the Firm prior to the December 5, 2016 lead plaintiff motion
deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, Chesapeake issued false and
misleading statements and/or failed to disclose it had improperly
accounted for the acquisition and classification of oil and gas
properties, and that it lacked effective internal financial
controls. In its filings with the U.S. Securities and Exchange
Commission, Chesapeake noted that it “follows the full cost method
of accounting under which all costs associated with oil and natural
gas property acquisition, drilling and completion activities are
capitalized.” On September 29, 2016, Chesapeake announced that it
received a subpoena from the U.S. Department of Justice seeking
information on its accounting methods for the acquisition and
classification of oil and gas properties. When this information was
disclosed, shares of Chesapeake dropped in value, causing investors
harm.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding the rights of
shareholders.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161006006561/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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