California Resources Corp (NYSE:CRC) Shareholder Notice: Investigation over Possible Securities Laws Violations

An investigation for investors in California Resources Corp (NYSE:CRC) shares over potential securities laws violations by California Resources was announced and NYSE:CRC stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 07/21/2015 --An investigation for investors in NYSE:CRC shares over potential securities laws violations by California Resources and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of California Resources Corp (NYSE:CRC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of California Resources Corp (NYSE:CRC) concerning whether a series of statements by California Resources regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On June 25, 2015, BlueMountain Capital issued a report describing California Resources Corporation common stock as "worthless," stating that the company's oil fields have high overhead costs and diminishing crude output inadequate to cover CRC's debt, and assessing the company's undrilled reserves portfolio as "of little incremental value." Shares of California Resources Corp (NYSE:CRC) declined on July 17, 2015, to as low as $4.94 per share.

Those who purchased shares of California Resources Corp (NYSE:CRC) 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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/611602