Attention Chesapeake Energy stockholders
Beasley Allen is currently investigating claims for clients who purchased Chesapeake Energy Corporation stock, specifically in connection with Chesapeake’s July 2008 “secondary offering.” Our investigation involves the violation of federal securities laws by Chesapeake and certain officers and directors.
We allege the Registration Statement and Prospectus filed with the Securities and Exchange Commission for the July 2008 secondary offering were materially false. We allege they failed to disclose Chesapeake’s true exposure to natural gas price declines, the fact Chesapeake had entered into hedging contracts with Lehman Brothers during their rapidly declining financial position and Chesapeake’s aggressive hedging activities that inflated the stock price, among other things.
We are investigating claims for institutional investors and individuals who had large positions in this particular stock offering.
What can I do?
If you suffered substantial losses as a result of investment in Chesapeake Energy Corporation stock that fits the above criteria, please contact us today to explore your legal options.