Press release from Business Wire
Investor Alert: Former Attorney General of Louisiana and Kahn Swick & Foti, LLC Investigate Chesapeake Energy Corp. Following Report of over $1 Billion in Loans to CEO
Wednesday, April 18, 2012
NEW ORLEANS (Business Wire) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC announce that KSF has commenced an investigation into Chesapeake Energy Corp. (NYSE: CHK). Shares of the Company fell almost 10% after it was reported that CEO, Aubrey McClendon, has been taking out loans to finance stakes in Chesapeake's wells and then using those same stakes as collateral for more loans. These loans – reported to total over $1.1 billion - were never disclosed to Chesapeake shareholders
KSF's investigation is focusing on whether Chesapeake Energy and/or its officers and directors violated state or federal securities laws. If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (firstname.lastname@example.org), toll free at 877-694-9510, or via cell phone any time at 330-860-4092.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900