An investigation on behalf of investors in Tellurian Inc. (NASDAQ: TELL) shares over potential wrongdoing at Tellurian Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/27/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Tellurian Inc.
Investors who purchased shares of Tellurian Inc. (NASDAQ: TELL) 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 Tellurian Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houston, TX based Tellurian Inc. engages in the natural gas business worldwide. On January 20, 2022, Tellurian Inc's Chief Executive Officer ("CEO"), Charif Souki, was sued by Christopher Parker, who invested tens of millions of dollars in the Company. When Parker sought to sell his shares in mid-2019, Souki allegedly induced him to delay selling Tellurian shares by offering to indemnify Parker against any losses through the end of 2020. This agreement was memorialized by text messages. When Parker sought a written agreement extending the term to December 31, 2021 and providing for interest, Souki allegedly agreed to the terms but refused to sign the agreement because Souki omitted the liability in his disclosures to his lenders.
Those who purchased shares of Tellurian Inc. (NASDAQ: TELL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The 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.