Chesapeake Bondholders Owed $440 Million on Appeals Court Ruling

  • New York appeals court upholds trial judge in ordering payment
  • Courts find Chesapeake failed to give holders proper notice

Chesapeake Energy Corp. owes bondholders $440 million for improperly redeeming a 2012 bond issue early, a U.S. appeals court said in upholding a ruling that dealt another blow to the second-largest natural gas producer in the country.

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