San Diego, CA -- (SBWire) -- 04/15/2013 --An investigation on behalf of investors in shares of Swift Energy Company (NYSE:SFY) was announced concerning whether certain Swift Energy officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long term stockholders of shares of Swift Energy Company (NYSE:SFY), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns, among other things, whether certain Swift Energy Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
Swift Energy Company (NYSE:SFY) reported that its Total Revenue declined from $599.13 million in 2011 to $557.29 million in 2012 and its respective Net Income decreased from $98.82 million to $20.94 million.
Shares of Swift Energy Company (NYSE:SFY) declined from as high as $46.27 per share in February 2011 to as low as $13.18 in February 2013.
On April 12, 2013, NYSE:SFY shares closed at $14.80 per share.
Those who are current long term stockholders of shares of Swift Energy Company (NYSE:SFY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Swift Energy Company (NYSE:SFY) Long-Term Investor Alert: Investigation Announced
An investigation for investors in shares of Swift Energy Company (NYSE:SFY) over potential wrongdoing by certain officers and directors was announced and current long-term NYSE:SFY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com