An investigation for investors in shares of Parker Drilling Company (NYSE:PKD) over potential wrongdoing by certain officers and directors was announced and current long-term NYSE:PKD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 03/12/2013 -- An investigation on behalf of investors in shares of Parker Drilling Company (NYSE:PKD) was announced concerning whether certain Parker Drilling officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholders of shares of Parker Drilling Company (NYSE:PKD), 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 Parker Drilling officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.
Parker Drilling Company reported that its annual Total Revenue fell from $829.84 million in 2008 to $686.65 million in 2011 and that its Net Income of $22.73 million in 2008 declined to a Net Loss of $50.45 million in 2011.
Shares of Parker Drilling Company closed on March 11, 2013, at $4.82 per share.
Those who are current long term stockholders of shares of Parker Drilling Company (NYSE:PKD) 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