An investigation for investors in NYSE:EXTN shares was announced over potential breaches of fiduciary duties by certain officers and directors at Exterran Corp.
Investors who purchased shares of Exterran Corp (NYSE:EXTN) 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 Exterran directors breached their fiduciary duties and caused damage to the company and its shareholders.
On November 4, 2015, Exterran completed its spin-off from Exterran Holdings, Inc. into an independent, publicly traded company, and began “regular way” trading on the NYSE opening at $18.00 per share.
On April 26, 2016, in addition to delaying the filing of its first quarter 2016 Form 10-Q, Exterran Corp announced that it is restating its financial statements for 2015 because of material errors and possible irregularities relating to the accounting for certain Belleli EPC contracts, and that the financial statements for 2015 and the related independent accounting firm report should no longer be relied upon.
Shares of Exterran Corp (NYSE:EXTN) declined on April 26, 2016 to as low as $15.81 per share.
On June 29, 2016, NYSE:EXTN shares closed at $12.23 per share.
Those who purchased NYSE:EXTN 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