CHK INVESTOR ALERT: KlaymanToskes Continues Investigation into Damages of More Than $500,000 Sustained in Chesapeake Energy S...
June 29 2020 - 12:40PM
Business Wire
National investment fraud law firm, KlaymanToskes (“KT”),
continues its investigation into damages of more than $500,000
sustained by investors who held large positions in Chesapeake
Energy (NYSE:CHK) stock at full-service brokerage firms. Investment
portfolios holding large positions can carry significant downside
risks. The investigation focuses on full-service brokerage firms’
negligence and failure to supervise the management of large
concentrated positions that resulted in investors suffering
substantial losses.
Investors may have accumulated concentrated investments in
Chesapeake Energy stock, due to their participation in
employer-sponsored plans, financial advisor recommendations, or
merger acquisitions. No matter what the reason for maintaining a
concentrated stock position, a brokerage firm and its financial
advisors must recommend suitable risk management strategies to
protect the value of any concentrated stock position held in a
financial brokerage account. Chesapeake Energy recently underwent a
1:200 reverse split and it filed for Chapter 11 Bankruptcy on
Sunday, June 28, 2020, for protection from creditors related to $7
billion in debt. Shares of Chesapeake Energy are down 93% for the
year.
If you made self-directed trades in your investment account with
E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive
Brokers, or another self-trading platform that was not being
managed by a registered investment advisor, this investigation does
not apply to you.
The sole purpose of this release is to investigate whether
strategies deployed by investment firms were suitable for
Chesapeake Energy investors with large stock positions or were
invested primarily in a single stock or single sector. Chesapeake
Energy investors who held accounts at full-service brokerage firms,
and have information relating to the manner in which the firm
handled their accounts are encouraged to contact Lawrence L.
Klayman, Esq., at (561) 542-5131, and download our Special Investor
Report.
About KlaymanToskes KT is a leading national securities
law firm which practices exclusively in the field of securities
arbitration and litigation, on behalf of retail and institutional
investors throughout the world in large and complex securities
matters. KT has office locations in California, Florida, New York,
and Puerto Rico.
Destination:
https://klaymantoskes.com/chk-investor-alert-klaymantoskes-continues-investigation-into-damages-of-more-than-500000-sustained-in-chesapeake-energy-stock-with-full-service-brokerage-firms/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200629005682/en/
KlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
Chesapeake Energy (NASDAQ:CHK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Chesapeake Energy (NASDAQ:CHK)
Historical Stock Chart
From Apr 2023 to Apr 2024