Chesapeake Files Adversary Case, Seeks Ruling That It Can Reject Certain Contracts

(July 10, 2020, 2:30 PM EDT) -- HOUSTON — Hydraulic fracturing operator Chesapeake Energy Corp. on June 28 filed an adversary proceeding the Texas federal bankruptcy court seeking declaratory judgment, a restraining order and a preliminary injunction against the Federal Energy Regulatory Commission (FERC) to prevent it from forcing Chesapeake to honor transportation contracts as it seeks to reorganize the company (In re: Chesapeake Energy Corporation, No. 20-33233, S.D. Texas Bkcy.)....

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