An investigation was announced on behalf of investors in NYSE:CRC shares over possible wrongdoing at California Resources and NYSE:CRC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/14/2016 -- Certain directors of Chatworth, CA based California Resources Corp are under investigation concerning potential Misconduct. The investigation was announced for investors in shares of California Resources Corp (NYSE:CRC) over potential breaches of fiduciary duties by certain directors at California Resources.
Investors who purchased shares of California Resources Corp (NYSE:CRC) 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 California Resources directors breached their fiduciary duties.
California Resources Corp reported that its annual Total Revenue declined from $4.28 billion in 2013 to over $2.4 billion in 2015 and that its Net Income of $869 million in 2013 decreased to a Net Loss of over $3.55 billion in 2015.
On Octboer 13, 2016, NYSE:CRC shares closed at $11.23 per share.
Those who purchased shares of California Resources Corp 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