Investigation opened on Chesapeake, McClendon
OKLAHOMA CITY—A federal agency has stepped up its investigation into the financial dealings of outgoing Chesapeake Energy CEO Aubrey McClendon.
The company disclosed that the U.S. Securities and Exchange Commission is looking into a controversial perk that granted McClendon a share in each of Chesapeake’s energy wells.
We’re told that an informal inquiry was launched back in May of 2012 and that the company and McClendon are cooperating.
- 'I blame both sides,' Oklahoma militia members join fight against feds
- Land Run reenactment takes a dangerous turn at Mustang elementary school
- A mother's love: Mom bites off dog's ear to save 2-year-old daughter in Pit Bull attack
- Biological mother wants adopted son back from powerful family