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Chesapeake Cleared By in Securities Investi

May 7 (Bloomberg) -- Chesapeake Energy Corp., 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

To contact the editors responsible for this story: Susan Warren at

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