Nawar - you might be interested in recent developments at chk - chesapeake energy. following is a press release:
DALLAS, May 1, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether Chesapeake Energy Corporation (CHK:$20.05,00$1.61,008.73%) CEO Aubrey McClendon violated shareholder protection laws by continuing to increase the company's near $12 billion debt, selling almost all of his personal Chesapeake stock over the course of a few days, and spurring a 25% decline in stock value. Concerned CHK investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies.
"Chesapeake has outspent its cash flow for 19 of the past 21 years, and its recent troubling disclosures have sent stock value cascading to $17.19 as of April 23," securities lawyer Hamilton Lindley said. "Our proposed lawsuit seeks to ensure that proper controls are placed to correct improper behavior and to preserve the company's value for shareholders."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. CHK shareholders – or anyone with knowledge about this matter – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855.
Hamilton Lindley Goldfarb LLP 2501 N. Harwood, Ste. 1801 Dallas, TX 75201 (877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number email@example.com www.goldfarbllp.com
ringer, It is better keep the law suit lawyers out of it for the time being; however corporate lawyers that can assist in the proxy battle (if they fail to come with a plan by May 11th) will have a role.