Chesapeake Wants $1.1B ‘Tagalong’ Derivative Suit Nixed

Chesapeake Energy Corp. urged an Oklahoma federal judge on Friday to toss a “tagalong” shareholder derivative suit alleging Chesapeake’s top brass defrauded investors over $1.1 billion in loans taken out by its former CEO, saying the suit repackages claims that have already been rejected by a higher court.