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Chesapeake Energy loses in bond dispute appeal

2014-11-25 21:02:42| Oil & Gas - Topix.net

Tuesday's 2-1 decision by the 2nd U.S. Circuit Court of Appeals in New York reversed a May 2013 ruling by U.S. District Judge Paul Engelmayer, which followed a weeklong non-jury trial. ) that Chesapeake's March 15, 2013 notice to redeem its 6.775 percent notes maturing in 2019, in a bid to save more than $100 million of payments, was untimely.

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