KGOU Pledge Online Today!Follow Us at FacebookLive Streaming
News
Chesapeake Shareholders Seek Meeting Delay (Jun 05, 2012)

OKLAHOMA CITY (AP) - A federal judge is considering a motion filed by a group of Chesapeake Energy Corp. shareholders who want to delay the company's annual shareholders' meeting.

U.S. District Judge Vicki Miles-LaGrange heard oral arguments Tuesday but did not issue a ruling. She did not indicate when she'd make a decision. The meeting is set for Friday.

A group of shareholders wants to postpone the meeting until the company releases more information about CEO Aubrey McClendon's compensation as well as loans he secured against his stake in company wells. The motion says information released by the company needs to be corrected so it is complete and not misleading.

Chesapeake has argued in court filings that the meeting shouldn't be postponed and that shareholders have plenty of information about McClendon's loans.



« back

NPRPRIBBCOU OutreachKGOU
Sponsors

High Speed Low Speed streaming issues High Speed Low Speed streaming issues