Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of individuals who beneficially hold
Chesapeake Energy Corporation (NYSE:CHK) 6.875% senior notes due 2020
and 6.125% senior notes due 2021 (“Class Notes”) from December 31, 2015
to the present. The lawsuit seeks to recover damages for Chesapeake
Energy Corporation investors.
To join the Chesapeake Energy Corporation class action, go to the firm’s
website at http://www.rosenlegal.com/cases-850.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Chesapeake Energy Corporation announced a
proposed private debt exchange on December 2, 2015 (the “Exchange
Offer”) to exchange and replace certain Class Notes and certain other
notes for newly-issued 8.00% Second Lien Senior Secured Notes due 2022
(the “8.00% 2L Notes”). Chesapeake Energy Corporation’s pursuit of the
Exchange Offer benefited only themselves and a minority of holders of
Class Notes and violated the implied covenant of good faith and fair
dealing. The obligations in the Class Notes were made subordinate to the
obligations in the 8.00% 2L Notes, impairing class members' right to
receive payment of the principal and interest under the Class Notes and
the right to sue to compel such payment. The Exchange Offer allowed
Chesapeake Energy Corporation to unjustly enrich itself by reducing its
indebtedness at the expense of the class members.
A class action lawsuit has already been filed. If you wish to join the
litigation, go to the firm’s website at http://www.rosenlegal.com/cases-850.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Attorney Advertising. Prior results do not guarantee a
similar outcome.
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