Ascent Resources Marcellus Holdings LLC files bankruptcy

American Energy Marcellus Holdings – Securities Investigation According to reports, Ascent Resources Marcellus Holdings LLC said on Tuesday it had filed for Chapter 11 bankruptcy as part of a negotiated plan with lenders to reduce about $1 billion of debt and boost liquidity. The company, a shale driller founded by the late U.S. fracking pioneer Aubrey McClendon, is one of several energy companies McClendon launched after he was kicked out in 2013 during a corporate governance crisis from Chesapeake Energy Corp, which he had founded and built into one of the largest U.S. shale drillers. According to SEC filings, McClendon filed a Form D to raise capital in 2014 through the offering American Energy Marcellus Holdings LLC. Investigating Potential Claims The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended American Energy Marcellus Holdings to investors. Due to the high degree of risk associated with oil and gas…

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