Chesapeake Probe Clears McClendon of Any Financial Misconduct
Chesapeake Energy’s board of directors issued a statement yesterday stating their independent internal probe into the financial dealings of current and soon-to-be-former CEO Aubrey McClendon is now complete. The verdict? He’s not guilty of any financial misconduct. The board also says the company is not guilty of antitrust violations in the case of Michigan’s auction of oil and gas leases in 2010.
This is good news for McClendon. However, he’s not out the woods just yet. There are still Internal Revenue Service (IRS) and Securities and Exchange Commission (SEC) investigations in progress.