An investigation was announced on behalf of investors in NYSE:CVI shares concerning possible violations of securities laws by CVR Energy and certain of its directors and officers.
Investors who purchased shares of CVR Energy, Inc. (NYSE:CVI), 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 CVR Energy, Inc. (NYSE:CVI) concerning whether certain statements by CVR Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
CVR Energy, Inc. reported that its annual Total Revenue declined from over $9.1 billion in 2014 to over $4.78 billion in 2016 and that its Net Income decreased from $173.90 million in 2014 to $24.70 million in 2016.
Shares of CVR Energy, Inc. (NYSE:CVI) declined from as high as $67.90 per share in May 2013 to as low as $12.79 per share in November 2016.
On February 14, 2017, the U.S. Securities and Exchange Commission (“SEC”) announced that CVR Energy, Inc had settled an SEC probe into its unsuccessful defense against Carl Icahn’s 2012 hostile takeover bid. The investigation focused on whether CVR Energy, Inc had properly accounted for the fees paid to Goldman Sachs and Deutsche Bank advisers to defend against Icahn’s offer. CVR Energy, Inc decided to settle the probe without admitting or denying wrongdoing, and the SEC said that CVR Energy, Inc would not pay a penalty since it had taken remedial steps it because of its “extensive cooperation” with the probe.
Shares of CVR Energy, Inc. (NYSE:CVI) closed on February 27, 2017 at $22.15 per share.
Those who purchased NYSE:CVI 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