Oklahoma judge approves Chesapeake settlement in shareholders’ lawsuit
An Oklahoma County judge has signed off on a settlement in lawsuit filed by Chesapeake Energy Corp. investors upset over CEO Aubrey McClendon’s compensation in 2008.
The fight over Chesapeake Energy Corp. CEO Aubrey McClendon’s 2008 compensation appears to be winding down.An Oklahoma County judge on Monday accepted a settlement in a lawsuit filed by several institutional investors that objected to McClendon’s $75 million bonus in 2008 even though the company’s stock price plummeted that year along with natural gas prices.
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