SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Chesapeake Energy Corporation and
Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
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.
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
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