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Chesapeake Energy loses bond dispute appeal

Nov. 25, 2014 10:44 AM ETChesapeake Energy Corporation (CHK) StockCHKBy: Carl Surran, SA News Editor
  • A federal appeals court says Chesapeake Energy (CHK -1.1%) had no right to redeem $1.3B of notes early because it waited too long to tell investors of its plans, reversing a 2013 ruling by a district court.
  • The 2-1 decision agrees with Bank of New York Mellon, the notes' trustee, that the notice from CHK to redeem its 6.775% notes maturing in 2019 was untimely, referring the case back to the district court.

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