Chesapeake Energy's (CHK) Aubrey McClendon, whose departure as CEO was effective Mon., will be deposed by Bank of New York Mellon (BK) over the natgas driller's efforts to redeem $1.3 bil in debt at face value. In federal court, the bank's lawyer said McClendon must know why the energy company wants to redeem the notes early and wants Chesapeake to pay a $400 mil "make-whole" payment to note holders. Shares fell 0.3% to 20.35.
- Investment & Company Information
- Chesapeake Energy
- Aubrey McClendon
- Bank of New York Mellon