|Sutherland Asbill & Brennan Attorney Steve Roberts quoted in Bloomberg News article |
Chesapeake Hired Lawyer With Stealth Record in CEO Probes
|June 19, 2012 11:59 pm|
The lawyer Chesapeake Energy Corp.'s (CHK) audit committee hired to investigate possible conflicts of interest in its chief executive's loans has a record of managing probes with minimum publicity about himself or his client.
Craig Weinstock, a Houston-based attorney with Locke Lord LLP, has handled more than a dozen internal investigations of alleged corporate malfeasance since 2002, including one for a company run by Chesapeake's lead director Merrill A. "Pete" Miller Jr., a member of the audit committee, a person familiar with Weinstock's work said.
The U.S. Securities and Exchange Commission began an investigation after the company disclosed more than $800 million in loans made to its chief executive, with some involving company financiers. Weinstock tends to resolve such matters with little fanfare, keeping his own role a secret in most cases, according to a rival Houston lawyer.
Lubel said Weinstock, a native of Queens, New York, is known in Houston legal circles as a workaholic who has carved out a niche handling internal reviews for oil and gas companies.
"He's a big guy, but real quiet," Lubel said. "He does not have the reputation as a gunslinger."
"He strikes me as a guy who does this kind of work in a quietly competent manner," Steven Roberts, a Houston-based lawyer who represents energy companies, such as Transocean Ltd., and has litigated against Weinstock in the past. "He's not flashy and doesn't seek out the spotlight."
©2012 BLOOMBERG L.P.
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