NEW YORK, Sept. 29, 2016
/PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of
investors of Chesapeake Energy Corporation ("Chesapeake Energy" or
the "Company") (NYSE: CHK) (ISIN: US1651671075). Such
investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether Chesapeake Energy and certain
of its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
[Click here to join a class action]
On September 29, 2016, Chesapeake
announced receipt of a subpoena from the U.S. Department of Justice
seeking information on the Company's accounting methodology for the
acquisition and classification of oil and gas properties. On
this news, the Company's stock has fallen as much as $0.69, or 10.22%, to $6.06 during intraday trading on September 29, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los
Angeles, and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 80 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP