The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Callon Petroleum Company (NYSE:CPE) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Callon Petroleum.
Investors who purchased shares of Callon Petroleum Company (NYSE:CPE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Callon Petroleum officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Callon Petroleum Company reported that its annual Total Revenue rose from $102.57 million in 2013 to $151.86 million in 2014 and that its Net Income rose from $4.30 million in 2013 to $37.77 million in 2014.
Shares of Callon Petroleum Company (NYSE:CPE) traded in mid-2014 as high as $11.79 per share and declined to as low as $4.20 per share on December 16, 2014.
On April 21, 2015, NYSE:CPE closed at $8.50 per share.
Those who purchased shares of Callon Petroleum Company (NYSE:CPE), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com