Shareholders Foundation, Inc.

Investor Investigation over Possible Securities Laws Violations by CVR Energy, Inc. (NYSE:CVI)

An investigation for investors in CVR Energy, Inc. (NYSE:CVI) shares over potential securities laws violations by CVR Energy, Inc. was announced and NYSE:CVI stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 02/22/2017 -- An investigation was announced for investors of CVR Energy, Inc. (NYSE:CVI) shares over potential securities laws violations by CVR Energy in connection certain financial statements.

Investors who purchased shares of CVR Energy, Inc. (NYSE:CVI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by CVR Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On February 14, 2017, the U.S. Securities and Exchange Commission ("SEC") announced that CVR Energy, Inc had settled an SEC probe into its unsuccessful defense against Carl Icahn's 2012 hostile takeover bid. The investigation focused on whether CVR Energy, Inc had properly accounted for the fees paid to Goldman Sachs and Deutsche Bank advisers to defend against Icahn's offer. CVR Energy, Inc decided to settle the probe without admitting or denying wrongdoing, and the SEC said that CVR Energy, Inc would not pay a penalty since it had taken remedial steps it because of its "extensive cooperation" with the probe.

Shares of CVR Energy, Inc. (NYSE:CVI) closed on February 21, 2017 at $23.82 per share.

Those who purchased shares of CVR Energy, Inc. 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