The May 8 lawsuit accuses Chesapeake board members of "extravagant personal use" of company aircraft and understating the perk's cost to shareholders by roughly $10 million.
The lawsuit claims Chesapeake board members failed shareholders by misrepresenting personal use of company aircraft and the related cost. Norris further argued that the board had an inherent conflict of interest in awarding itself use of the aircraft.
In the case and the subsequent appeal, filed October 11, Virginia resident Gilberta Norris argued that she wasn't required to notify the board before filing her lawsuit.
In its motion to dismiss the case, Chesapeake argued that its corporate disclosures were accurate and Norris lacked legal standing to file the case. They further argued that most of the flying was for business purposes. In May, the company eliminated use of company aircraft for personal travel.