An investigation on behalf of investors in Trecora Resources (NYSE:TREC) shares over potential wrongdoing at Trecora Resources was announced and NYSE:TREC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/08/2017 -- Certain directors at Trecora Resources are under investigation over potential breaches of fiduciary duties. The investigation was announced for investors in NYSE:TREC shares.
Investors who purchased shares of Trecora Resources (NYSE:TREC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Trecora Resources (NYSE:TREC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On March 1, 2017, Trecora Resources announced that the Company's Audit Committee "concluded that there were errors in the accounting for its equity in earnings from its investment in AMAK in Q2 and Q3 2016." Trecora Resources further advised investors that the Company's quarterly reports for those periods should no longer be relied upon, and that Trecora would restate its financial and operating results for those quarters before filing its annual report for 2016. Then on March 9, 2017, Trecora Resources filed restated financials on Form 10-Q/A.
Shares of Trecora Resources (NYSE:TREC) declined from $14.20 per share in January 2017 to as low as $10.25 per share in April 2017.
On December 7, 2017, NYSE:TREC shares closed at $12.60 per share.
Those who purchased shares of Trecora Resources (NYSE:TREC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego