OKLAHOMA CITY (Legal Newsline) — A common stock owner has filed a class-action lawsuit against Chesapeake Energy Corp., Robert Douglas Lawler, and Domenic J. Dell'Osso, Jr., company and its board of officers, citing alleged violation of federal law.
Terrence Saunders filed a complaint on behalf of all others similarly situated on Oct. 4, in the U.S. District Court for the Western District of Oklahoma against the defendants alleging that they made false and misleading statements regarding the company's operations.
According to the complaint, the plaintiff alleges that he suffered damages from purchasing stocks at artificially inflated prices. The plaintiff holds Chesapeake Energy Corp., Robert Douglas Lawler, and Domenic J. Dell'Osso, Jr. responsible because the defendants allegedly provided false and misleading materials to the public.
The plaintiff requests a trial by jury and seeks pay damages to the plaintiff, interest, court costs and any further relief this court grants. He is represented by William B. Federman of Federman & Sherwood in Oklahoma City; Jeremy A. Lieberman, J. Alexander Hood II and Marc C. Gorrie of Pomerantz LLP in New York; and Patrick V. Dahlstrom of Pomerantz LLP in Chicago.
U.S. District Court for the Western District of Oklahoma Case number 5:16-cv-01150-R