An investigation for investors in NYSE:CRC shares was announced over potential breaches of fiduciary duties by certain directors at California Resources.
Investors who purchased shares of California Resources Corp (NYSE:CRC) 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 California Resources directors breached their fiduciary duties.
California Resources Corp reported that its annual Total Revenue declined from $4.28 billion in 2013 to over $2.4 billion in 2015 and that its Net Income of $869 million in 2013 decreased to a Net Loss of over $3.55 billion in 2015. Shares of California Resources Corp (NYSE:CRC) declined from $9.48 per share in April 2015 to as low as 0.28 per share in February 2016.
On April 12, 2016, NYSE:CRC shares closed at $1.46 per share.
Those who purchased NYSE:CRC shares 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