USA: Chesapeake Confirms SEC Informal Inquiry

Chesapeake Energy Corporation confirmed that the company and its Chairman and CEO, Aubrey K. McClendon, have been notified by the Securities and Exchange Commission (SEC) that its Fort Worth Regional Office has commenced an informal inquiry and requested that the company and Mr. McClendon retain certain documents.

The SEC noted in its request, which was received Wednesday, that its inquiry should not be construed as an indication that any violation of the federal securities laws has occurred.

The company and Mr. McClendon intend to cooperate with the SEC in responding to its inquiry, Chesapeake said in a a statement.

[mappress]
LNG World News Staff, May 4, 2012