CHESAPEAKE ENERGY CLASS ACTION LITIGATION


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Keywords & Phrases

CaseNo: CECAL209866, CourtName: CLASS ACTION CASES, State: OK Oklahoma, UniqueCaseRef: LCD>CECAL209866, Chesapeake, Securities, Common Stock, Act, Reports, Class Action, Louisiana Trend, Drilling, Price, Facts, Louisiana Austin Chalk, Austin Chalk, Individual Defendants, Class Period, Stock, Texas, Production, Reserves, Oil, Chesapeake Energy Corporation, Wilson, Rowland, Violation, Material Facts, Successful, Austin Chalk Trend, Allegations, Securities Exchange, Masters Creek, Louisiana Trend Project, United States, Corporate Officers, Exchange Act, Gas Exploration Operations, Success Rate , ContentID: 120249556

Case Documents

1997-09-09

COMPLAINT B
[ see first page and extracted highlights below ] ItemID: 121993

27 pages
TXT

1997-08-29

COMPLAINT A
[ see first page and extracted highlights below ] ItemID: 121992

27 pages
TXT

Total Documents: 2 documents , 54 pages

Price: $ 24.95

IVESLCD01 KGI0001

1 . COMPLAINT B

EXTRACTED KEY WORDS

DEFENDANTS
PLAINTIFF
LOUISIANA TREND
ACT
FACTS
SECURITIES
STOCK
CLASS ACTION
REPORTS
DRILLING
RESERVES
INDIVIDUAL DEFENDANTS
OIL
PRICE
VIOLATION
CLASS PERIOD
ALLEGATIONS
SECURITIES EXCHANGE
PRODUCTION
COMMON STOCK
LOUISIANA TREND PROJECT
CORPORATE OFFICERS
GAS EXPLORATION OPERATIONS
INTERNAL CORPORATE DOCUMENTS
AUSTIN CHALK
MATERIAL FACTS
SUCCESSFUL
PUBLIC FILINGS
CHESAPEAKE ENERGY CORPORATION


                        UNITED STATES DISTRICT COURT
                        WESTERN DISTRICT OF OKLAHOMA




   _____________________________________

   JEFF LEZAK, on behalf of himself
   and all others similarly situated,

                         Plaintiff,

   CHESAPEAKE ENERGY CORPORATION,
   AUBREY K. McCLENDON, THOMAS L.
   WARD, MARCUS C. ROWLAND,
   SHANNON T. SELF, WALTER C.
   WILSON, HENRY J. HOOD,
   STEVEN C. DIXON, and J. MARK
   LESTER,

                         Defendants.
   _____________________________________

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   No. CIV-97 1448 R
   (filed Sep. 9, 1997)

   CLASS ACTION

   COMPLAINT FOR VIOLATION

SNIPPETS:

COMPLAINT FOR VIOLATION OF THE SECURITIES EXCHANGE ACT OF 1934

PLAINTIFF DEMANDS A TRIAL BY JURY

The allegations made in this complaint are based on information and belief, except those

Plaintiff's information and belief is based, inter alia, on the investigation made by and

This is a class action on behalf of purchasers of the common stock of Chesapeake Energy

Chesapeake is an oil and gas exploration and drilling company.

Throughout the Class Period, the Company told investors, securities analysts, and the

The foregoing was expected to lead to reduced production and revenue growth in those years.

The jurisdiction of this Court is founded upon Section 27 of the Securities Exchange Act of

Because of defendant McClendon's positions with the Company, he knew, or, in the absence of loyees, attendance at management and Board of Directors' meetings and committees thereof, and via

The Individual Defendants, as officers and/or directors of Chesapeake had a duty, because of

The Individual Defendants controlled, and could falsify the dissemination of the information

maintaining Chesapeake's high stock price and the illusion of successful oil and gas

whether the defendants acted willfully or recklessly in omitting to state and/or

Using this strategy, the Company, in its own words, "has rapidly expanded its reserves and

Because of our advanced geological understanding of the Austin Chalk and our entrepreneurial

2 . COMPLAINT A

EXTRACTED KEY WORDS

DEFENDANTS
COMMON STOCK
PLAINTIFF
SECURITIES
REPORTS
LOUISIANA AUSTIN CHALK
ACT
CLASS ACTION
AUSTIN CHALK
TEXAS
PRICE
WILSON
ROWLAND
MEMBERS
DRILLING
AUSTIN CHALK TREND
INDIVIDUAL DEFENDANTS
CLASS PERIOD
CHESAPEAKE ENERGY CORPORATION
PRODUCTION
MASTERS CREEK
UNITED STATES
EXCHANGE ACT
MATERIAL FACTS
SUCCESS RATE
MISLEADING STATEMENTS
NATURAL GAS
SUCCESSFUL
OFFERING DOCUMENTS


                      IN UNITED STATES DISTRICT COURT
                         SOUTHERN DISTRICT OF TEXAS
                              HOUSTON DIVISION


   ALBION FINANCIAL LLC,
   on behalf of itself and
   all others similarly situated,

                         Plaintiff,

              vs.

   CHESAPEAKE ENERGY CORPORATION,
   AUBREY K. McCLENDON,
   MARCUS C. ROWLAND,
   SHANNON T. SELF, and WALTER
   WILSON,

                         Defendants.

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   CIVIL ACTION NO.
   H 97-2960
   (filed Aug. 29, 1997)

                           CLASS ACTION COMPLAINT

   Plaintiff, as and for plaintiff's complaint, alleges the following
   upon plaintiff's knowledge as to plaintiff's own acts, and upon
   information and belief as to all other matters. Plaintiff's
   information and belief are based, inter alia, on the investigation

SNIPPETS:

Plaintiff, as and for plaintiff's complaint, alleges the following upon plaintiff's knowledge

Plaintiff's information and belief are based, inter alia, on the investigation conducted by

This is a class action,

of a class of the securities, including the common stock, of Chesapeake between April 2, 1997

Defendant Chesapeake is an independent oil and natural gas producer which specializes in

The individual defendants are directors and/or officers of Chesapeake.

Prior to the Class Period, Chesapeake aggressively touted the potential reserves of the

defendants falsely represented that the Company expected to operate successfully in the

Moreover, the defendants reported that Chesapeake had experienced an 84% drilling success

As a result of the defendants material misrepresentations and omissions as alleged herein,

Rather than disclose that drilling results in the outer Masters Creek area had been