The Shareholders Foundation announces an investigation on behalf of current long-term investors in shares of Parker Drilling Company (NYSE:PKD) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Parker Drilling.
Investors who purchased shares of Parker Drilling Company (NYSE:PKD) and currently hold any of those NYSE:PKD shares 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 Parker Drilling officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Parker Drilling Company reported that its annual Total Revenue rose from $677.76 million in 2012 to $874.17 million in 2013 while its Net Income declined from $37.31 million in 2012 to $27.02 million in 2013. Shares of Parker Drilling Company (NYSE:PKD) declined from $8.41 per share in November 2013 to as low as $3.80 per share on October 15, 2014.
On November 17, 2014, NYSE:PKD shares closed at $4.02 per share.
Those who purchased shares of Parker Drilling Company (NYSE:PKD), 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