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Press release from Business Wire

Hagens Berman Reminds Chesapeake Energy Corporation Investors That Six Days Remains Before June 25, 2012 Lead Plaintiff Deadline

Tuesday, June 19, 2012

Hagens Berman Reminds Chesapeake Energy Corporation Investors That Six Days Remains Before June 25, 2012 Lead Plaintiff Deadline19:42 EDT Tuesday, June 19, 2012 BERKELEY, Calif. (Business Wire) -- Hagens Berman Sobol Shapiro LLP, an investor-rights class-action law firm, today reminded investors that only one week remains before the June 25, 2012, deadline to move the court for lead plaintiff in a securities class-action lawsuit filed against Chesapeake Energy Corporation (“Chesapeake”) (NYSE:CHK). Investors who purchased or otherwise acquired shares of Chesapeake common stock between April 30, 2009, and May 10, 2012 (the “class period”), and who suffered losses exceeding $300,000 are encouraged to contact Hagens Berman Partner Reed Kathrein by calling (510) 725-3000. Mr. Kathrein is leading Hagens Berman's investigation. Investors may also contact the firm via email at More information is available at The lawsuits filed against Chesapeake Energy Corporation on behalf of investors allege that the company failed to disclose that its CEO, Aubrey McClendon, had taken out more than $1 billion in loans from Chesapeake's vendors in order to finance personal interests in wells co-owned by Chesapeake. Chesapeake's stock has dropped over 50 percent over the last year, and since the disclosure of these and other facts, has dropped from its April 17, 2012, close at $19.12 to close on May 11, 2012, at $14.81. The lawsuit names Mr. McClendon as a defendant, as well as the company, members of executive management, and the board of directors. The deadline to move to be a lead plaintiff is June 25, 2012. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Whistleblowers Persons with knowledge that may help the investigation are encouraged to contact the firm. The SEC recently finalized new rules as part of its implementation of the whistleblower provisions in the Dodd-Frank Wall Street Reform Bill. The new rules protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery. You can learn more about Hagens Berman's whistleblower practice at Whistleblowers can contact Reed Kathrein by calling (510) 725-3000 or by emailing About Hagens Berman Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in 10 cities. The firm represents whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at The firm's securities law blog is at Investor Contact:Hagens Berman Sobol Shapiro LLPReed R. Kathrein, Esquire510-725-3030CHK@hbsslaw.comorMedia Contact:Firmani + AssociatesMark Firmani,