An investigation on behalf of investors in Erin Energy Corp (NYSEMKT:ERN) shares over potential wrongdoing at Erin Energy was announced and NYSEMKT:ERN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/22/2015 -- An investigation for investors in Erin Energy Corp (NYSEMKT:ERN) shares was announced over potential breaches of fiduciary duties by certain Erin Energy officers and directors.
Investors who purchased shares of Erin Energy Corp (NYSEMKT:ERN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Erin Energy Corp (NYSEMKT:ERN officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Erin Energy Corp reported that its annual Total Revenue declined from $74.67 million in 2012 to $53.84 million in 2014 and that its Net Loss increased from $32.71 million in 2012 to $96.06 million in 2014. Shares of Erin Energy Corp (NYSEMKT:ERN) increased from $4.81 per share on May 11, 2015 to as high as $8.76 per share on June 2, 2015. On June 8, 2015, NYSEMKT:ERN shares declined to $5.51 per share.
On June 18, 2015, NYSEMKT:ERN shares closed at $4.20 per share.
Those who purchased shares of Erin Energy Corp (NYSEMKT:ERN), 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