Last week: "The suggestion of any conflicts of interest is unfounded." Today, Chesapeake (CHK)...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor
Last week: "The suggestion of any conflicts of interest is unfounded." Today, Chesapeake (CHK) says it won't extend its Founder Well Participation Program, which indirectly facilitated up to $1.1B in loans taken out by CEO Aubrey McClendon. "The board did not review, approve or have knowledge of the specific transactions engaged in by Mr. McClendon or the terms of those transactions." CHK -1.8% premarket.