Chesapeake Energy Court Adopts the Narrow View of Section 316(b) of the TIA

On February 8, 2017, the U.S. District Court for the Western District of Oklahoma dismissed the class action lawsuit brought by unsecured bondholders of Chesapeake Energy Corporation ("Chesapeake"), adopting the so-called narrow reading of Section 316(b) of the Trust Indenture Act of 1939 ("TIA").[1]

Filed under:
USA, Capital Markets, Insolvency & Restructuring, Litigation, Jones Day
Authors:
Bruce Bennett , Brad B. Erens , Timothy G. Hoxie , Edward B. Winslow
Location:
USA
Firm:
Jones Day