Chesapeake Energy Saves $100 Million On Bond Ruling

Chesapeake Energy Corporation (NYSE:CHK) is having a good day. The firm’s shares are up a fraction under 1 percent on today’s trading after a New York judge ruled that the company had the right to pay back some of its debt early, a move that will save the company about $100 million.

The case isn’t the first that the company has won in recent weeks, and with the weight of legal actionfacing the company, today’s win is a very good progression indeed. According to a Bloomberg report on the ruling, Chesapeake was pleased with the...