U.S. Supreme Court snubs Chesapeake Energy in bonds dispute

The U.S. Supreme Court on Monday rejected a bid by natural gas company Chesapeake Energy Corp to avoid having to pay $438.7 million to investors in a bonds dispute. The justices refused to hear the Oklahoma City-based company's appeal of a September 2016 ruling by the New York-based 2nd U.S. Circuit Court of Appeals in favor of bondholders. The appeals court said the payout was justified after Chesapeake Energy waited too long to tell bondholders of its plan to redeem $1.3 billion of their debt six years early.