LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against Chesapeake Energy Corporation (“Chesapeake” or the “Company”) (NYSE: CHK; CHKDG). Investors who purchased or otherwise acquired shares between February 27, 2015 and September 28, 2016 (the “Class Period”) are encouraged to contact the Firm in advance of the December 5, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, Chesapeake issued false and misleading statements and/or failed to disclose: that it had improperly accounted for the acquisition and classification of oil and gas properties and that it lacked effective internal financial controls. In its filings with the Securities and Exchange Commission, Chesapeake noted that it “follows the full cost method of accounting under which all costs associated with oil and natural gas property acquisition, drilling and completion activities are capitalized.” On September 29, 2016, the Company announced that it received a subpoena from the U.S. Department of Justice seeking information on Chesapeake’s accounting methods for the acquisition and classification of oil and gas properties. When this news was announced, shares of Chesapeake fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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