UPDATED: Chesapeake Ordered to Pay Nearly $440 Million to Former Bond Investors

UPDATE (07/22/2015):

Chesapeake is now on the hook for even more money in this matter thanks to a ruling from U.S. District Judge Paul Engelmayer.  Business Insider reports:
A federal judge on Thursday said Chesapeake Energy Corp must pay an additional $59.1 million to some investors whose bonds it redeemed early, boosting the natural gas company's total payout to $438.7 million. 
U.S. District Judge Paul Engelmayer in Manhattan said the new payment reflects prejudgment interest at a 6.775 percent annual rate.
Read that whole article by clicking here.

ORIGINAL POST (07/16/2015):

From Seeking Alpha:
Chesapeake Energy (NYSE:CHK) has been ordered by a federal judge to pay a whopping $379.7 million to former bond investors after it was ruled a redemption notice wasn't filed in time at the time of redemption back in early-2013. This lack of attention to detail, if this is the final judgment, could be a costly one to Chesapeake and couldn't have come at a worse time. Although there are some Chesapeake analysts who think this isn't a big deal from a valuation standpoint even those that feel this way acknowledge the cost is meaningful to the already struggling Chesapeake. 
First, a few things to NOT clear up as Chesapeake hasn't released a press release detailing the judgment and it hasn't filed anything with the SEC in its regard. This is the second time in almost as many weeks that Chesapeake has been silent on major news. The first was Chesapeake's absence of comment on an $840 million asset swap transaction, to which it has still yet to issue a PR. I'm sure Chesapeake sitting on the sidelines for both news events, both which by the way are very clearly anything but bullish, is appreciated by investors who have watched shares fall ~43% since January. Only the month of April was kind to Chesapeake and even that was little in the way of floating shares higher YTD: 
(click to enlarge)
Still even without Chesapeake's comments on the particulars investors are left knowing that if this is the final judgment, and all indications point to it being so, that Chesapeake is out ~$0.55/share pre-tax.
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