The Shareholders Foundation announces that an investigation on behalf of investors of PDC Energy Inc (NASDAQ:PDCE) shares is ongoing concerning possible claims of breaches of fiduciary duty by certain members of the board of directors of the Company.
Investors who purchased shares of PDC Energy Inc (NASDAQ:PDCE) 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 focuses on possible claims on behalf of purchasers of the securities of PDC Energy Inc (NASDAQ:PDCE) concerning whether a series of statements by PDC Energy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
In December 2011, PDC Energy Inc and its wholly-owned merger subsidiary were served with an lawsuit on behalf of certain former partnership unit holders, related to its partnership repurchases completed by mergers in 2010 and 2011. The complaint primarily alleges that the disclosures in the proxy statements issued in connection with the mergers were inadequate, and a state law breach of fiduciary duty.
Those who purchased shares of certain PDC Energy Inc 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