Chesapeake (CHK +1%) goes ahead with its plan to buy back $1.3B of notes early, despite failing...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake (CHK +1%) goes ahead with its plan to buy back $1.3B of notes early, despite failing yesterday to persuade a U.S. district judge to force bond trustee BNY Mellon (BK) to accept the plan. Although the judge denied a request for a preliminary injunction, CHK noted he granted "comparable relief" and said CHK was "overwhelmingly" likely to win on the legal merits of its claim.