An investigation on behalf of investors in California Resources Corp (NYSE:CRC) shares over potential wrongdoing at California Resources was announced and NYSE:CRC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/06/2016 --An investigation for shareholders of California Resources Corp (NYSE:CRC) was announced 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 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. Shares of California Resources Corp (NYSE:CRC) declined from $9.48 per share in April 2015 to as low as 0.28 per share in February 2016.

On May 5 2016, NYSE:CRC shares closed at $1.90 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