Chesapeake Energy Corp has filed a lawsuit against the ex-CEO of the company for using company’s secret plans and strategies for his own personal project. The company claims that Aubrey McClendon asked his assistant to give him a copy of a country map that covered the land that was not yet leased, only a few days before he left the company. He has also been accused of using other property information and valuable documents in a project that he was secretly working on.
McClendon has come up with a new oil and gas venture and according to Chesapeake; he used his ex-company’s important information to attract investors and customers to his own new firm and was working towards creating competition for his ex-company by exploiting the firm's weak points.
The lawsuit also mentions the accusation of the company that says that McClendon sent quite a lot of company emails through blind carbon copy to his own personal email account in order to steal important data that belonged to the company.
However, Aubrey McClendon has refused to accept any kind of accusation thrown his way. In a recent press release, he said that it was upsetting for him to face such a time when a company that he co-founded twenty five years back has now insulted him by accusing him of stealing information and calling him a traitor. He called the accusations to be wrong and showed regret on how the company is treating him after his departure.
McClendon also explained that the documents he took from the company were his right to own and obtain as he had the authority to do so as a co-founder and this was clear in the contracts that he had signed with the company. He was also saddened by the fact that the company that he built with much hard work had now decided to stoop so low and accuse its own senior member.
He also mentioned in the press release that according to the agreements with the company, he was allowed to have more access to the company’s private documents but that Chesapeake Energy Corporation (NYSE:CHK) had refused to let him use them.
McClendon also added to his reply to the company's allegations that the company has yet to pay him the interest for 1000 leases that he jointly owns with the company and that the company also owes him money that was paid to it by third parties for 63 more well projects.
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