Chesapeake Energy says it’s cleared in securities inquiry

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Chesapeake Energy Corp., the natural gas driller that ousted its founder last year amid an investor revolt, said it was cleared by the Securities and Exchange Commission in a securities and shareholder probe.

The commission’s Fort Worth office informed Chesapeake in an April 8 letter that the investigation had concluded and no enforcement action would be recommended to SEC headquarters, the Oklahoma City-based company said in a regulatory filing Wednesday.

Categories: Legal issues

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