The Shareholders Foundation announces that an investigation on behalf of investors in shares Pacific Coast Oil Trust (NYSE:ROYT) shares was initiated concerning potential breaches of fiduciary duties by certain officers and directors at Pacific Coast Oil Trust.
Investors who purchased shares of Pacific Coast Oil Trust (NYSE:ROYT) 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 Pacific Coast Oil Trust officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Pacific Coast Oil Trust’s initial public offering (“IPO”) was on May 8, 2012. Pacific Coast Oil Trust reported that its annual Total Revenue rose from $41.32 million in 2012 to $70.08 million in 2013 and that its respective Net Income increased from $40.83 million to $69.36 million. Shares of Pacific Coast Oil Trust (NYSE:ROYT) declined from $19.85 per share in May 2012 to as low as $7.78 per share on October 15, 2014.
On October 24, 2014, 2014, NYSE:ROYT shares closed at $9.36 per share.
Those who purchased shares of Pacific Coast Oil Trust 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