Chesapeake Cleared By in Securities Investi

Chesapeake Energy Corp. (CHK), the U.S. natural gas driller that fired its founder last year amid an investor revolt, said it was cleared by the U.S. Securities and Exchange Commission in a securities and shareholder probe.

The commission’s Fort Worth, Texas, office informed Chesapeake in an April 8 letter that the investigation had concluded and no enforcement action would be recommended to SEC headquarters, the Oklahoma City-based company said in a regulatory filing today.

To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editors responsible for this story: Susan Warren at susanwarren@bloomberg.net

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