DEADLINE ALERT: Brower Piven Alerts Shareholders Of Upcoming Deadline In Class Action Lawsuit And Urges Those With Losses In Excess Of $100,000 From Investment In Chesapeake Energy Corporation To Contact The Firm
Nov 06, 2016
OTC Disclosure News Service
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Western District of Oklahoma on
behalf of purchasers of Chesapeake Energy Corporation (NYSE: CHK)
(“Chesapeake” or the “Company”) securities during the period between
February 27, 2015 and September 28, 2016, inclusive (the “Class
Period”). Investors who wish to become proactively involved in the
litigation have until December 5, 2016 to seek appointment as lead
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the Class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Chesapeake securities
during the Class Period. Members of the Class will be represented by the
lead plaintiff and counsel chosen by the lead plaintiff. No class has
yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that Chesapeake had improperly accounted for the
acquisition and classification of oil and gas properties and lacked
effective internal financial controls.
According to the complaint, following a September 29, 2016 announcement
of a receipt of a subpoena from the U.S. Department of Justice seeking
information on the accounting methodology for the acquisition and
classification of oil and gas properties and related matters, the value
of Chesapeake shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Chesapeake securities purchased on or after February 27, 2015 and held
through the revelation of negative information during and/or at the end
of the Class Period and would like to learn more about this lawsuit and
your ability to participate as a lead plaintiff, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company’s conduct during the
period in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
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