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Press release from Business Wire

Law Offices of Howard G. Smith Announces Investigation of Chesapeake Energy Corporation

Wednesday, April 18, 2012

Law Offices of Howard G. Smith Announces Investigation of Chesapeake Energy Corporation19:17 EDT Wednesday, April 18, 2012 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of shareholders of Chesapeake Energy Corporation (“Chesapeake Energy” or the “Company”) (NYSE:CHK). Chesapeake Energy engages in the acquisition, exploration, development and production of natural gas and oil properties in the United States. The investigation is related to an April 18, 2012, article published by Reuters concerning potential conflicts of interest created by personal loans to the Company's chief executive officer, Aubrey McClendon. According to Reuters, during the past three years McClendon borrowed approximately $1.1 billion by pledging his personal stake in the Company's oil and natural gas wells as collateral for the loans, which were made through three companies controlled by McClendon that list Chesapeake Energy's headquarters as their address. Reuters further reported that “The money is being used to help finance what could be a lucrative perk of [McClendon's] job -- the opportunity to buy into the very same well stakes that he is using as collateral for the borrowings,” and raise concerns about “whether McClendon's personal financial deals could compromise his fiduciary duty to Chesapeake investors.” If you purchased shares of Chesapeake Energy, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to, or visit our website at Law Offices of Howard G. SmithHoward G. Smith, Esquire(215) 638-4847(888)