LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Chesapeake Energy Corporation (“Chesapeake” or the “Company”) (NASDAQ: CHK) investors concerning the Company and its officers’ possible violations of federal securities laws.
Chesapeake engages in the acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.
On September 29, 2016, Chesapeake disclosed that it had received a subpoena from the U.S. Department of Justice concerning the Company’s accounting methods for the acquisition and classification of oil and gas properties.
On this news, Chesapeake stock fell more than 9% to close at $6.12 per share on September 29, 2016, thereby injuring investors.
If you purchased Chesapeake securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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