SHAREHOLDER ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Chesapeake Energy Corp. & Encourages Inv...
October 06 2016 - 4:44PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Chesapeake Energy Corporation
(“Chesapeake” or the “Company”) (NYSE: CHK; CHKDG). Investors who
purchased or otherwise acquired shares between February 27, 2015
and September 28, 2016 (the “Class Period”) are encouraged to
contact the Firm in advance of the December
5, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that during the Class Period, Chesapeake
issued false and misleading statements and/or failed to disclose:
that 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
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,
the Company announced that it received a subpoena from the U.S.
Department of Justice seeking information on Chesapeake’s
accounting methods for the acquisition and classification of oil
and gas properties. When this news was announced, shares of
Chesapeake fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161006006505/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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