The Shareholders Foundation announces that an investigation on behalf of investors of Pacific Coast Oil Trust (NYSE:ROYT) shares was initiated over potential securities laws violations by Pacific Coast Oil Trust and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of Pacific Coast Oil Trust (NYSE:ROYT) 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 Pacific Coast Oil Trust (NYSE:ROYT) concerning whether a series of statements by Pacific Coast Oil Trust regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Pacific Coast Oil Trust’s initial public offering (“IPO”) was on May 8, 2012.
Pacific Coast Oil Trust reported that its annual Total Revenue rose from $41.32 million in 2012 to $70.08 million in 2013 and that its respective Net Income increased from $40.83 million to $69.36 million.
Shares of Pacific Coast Oil Trust (NYSE:ROYT) declined from $19.85 per share in May 2012 to as low as $12.52 per share on Dec. 30, 2103.
On June 24, 2014, NYSE:ROYT shares closed at $12.93 per share.
Those who purchased shares of Pacific Coast Oil Trust have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com