Privacy

Chesapeake suit claims former CEO stole trade secrets

February 19, 2015

In a lawsuit filed in Oklahoma County District Court, Chesapeake Energy has accused its former CEO Aubrey McClendon of making off with company data, including “highly sensitive trade secrets,” when he left the company to form a new firm, American Energy Partners. 

McClendon used the data amassed while at Chesapeake to secure more than 100,000 acres in the lucrative Utica shale play, Forbes reported, noting that the acreage in question “involved the same acreage evaluated in the data stolen by McClendon.”

Chesapeake charged its embattled former CEO and co-founder used the information to bring in investors to his new venture after he had his assistant “print highly sensitive maps and prospect data, which he took with him as he left Chesapeake,” the suit said, and BCC'ed “e-mails which contained the same highly sensitive and valuable information” to his personal email.

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