Judge Says He Cannot Rule On Alleged Refusal Of Shareholder Demand

Judge Says He Cannot Rule On Alleged Refusal Of Shareholder Demand

OKLAHOMA CITY - A federal judge in Oklahoma denied a motion to dismiss a shareholder derivative lawsuit on Sept. 28, holding that there is not enough evidence presented to make a determination on whether a board of directors' actions amount to the refusal of a presuit demand (M. Lee Arnold, Derivatively on Behalf of Chesapeake Energy Corporation v. Aubrey K. McClendon, et al.,  No. 11-cv-00986, W.D. Okla.; 2012 U.S. Dist. LEXIS 140887).

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