ATTENTION CHESAPEAKE ENERGY EMPLOYEES: KlaymanToskes Continues Investigation into Damages of More Than $500,000 Sustained in ...
July 01 2020 - 9:25AM
Business Wire
National investment fraud law firm, KlaymanToskes (“KT”),
continues its investigation into damages of more than $500,000
sustained by current/former employees 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.
Employees may have accumulated concentrated investments in
Chesapeake Energy stock due to their participation in
employer-sponsored plans 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.
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 employees with large stock positions or were
invested primarily in a single stock or single sector. Chesapeake
Energy employees 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/attention-chesapeake-energy-employees
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version on businesswire.com: https://www.businesswire.com/news/home/20200701005574/en/
KlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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