San Diego, CA -- (SBWIRE) -- 12/10/2021 -- An investigation on behalf of investors in shares of Amplify Energy Corp. (NYSE: AMPY) was announced over potential breaches of fiduciary duties by certain officers and directors at Amplify Energy Corp.

Investors who purchased shares of Amplify Energy Corp. (NYSE: AMPY) 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 Amplify Energy directors breached their fiduciary duties and caused damage to the company and its shareholders.

Houston, TX based Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. On October 4, 2021, Amplify Energy Corp. announced a large oil spill in Southern California. Specifically, Amplify Energy Corp. stated that "on Saturday, October 2, 2021, Beta Offshore (a subsidiary of Amplify Energy) first observed and notified the US Coast Guard of an oil sheen approximately four (4) miles off the coast in Southern California and initiated its Oil Spill Prevention and Response Plan. The Company has sent a remotely operated vehicle (ROV) to investigate and attempt to confirm source of the release. As a precautionary measure, all of the Company's production and pipeline operations at the Beta Field have been shut down."

Shares of Amplify Energy Corp. (NYSE: AMPY) declined from $5.78 per share on October 1, 2021, to $2.60 per share on November 18, 2021.

Those who purchased shares of Amplify Energy Corp. (NYSE: AMPY) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.