An investigation on behalf of investors in Superior Energy Services, Inc. (NYSE:SPN) shares over potential wrongdoing by certain former executives of Superior Energy Services, Inc. was announced and NYSE:SPN stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/12/2016 --An investigation for investors in shares of Superior Energy Services, Inc. (NYSE:SPN) was announced over potential breaches of fiduciary duties by certain former executives of Superior Energy Services.

Investors who purchased shares of Superior Energy Services, Inc. (NYSE:SPN) 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 former executives of Superior Energy Services breached their fiduciary duties.

Superior Energy Services filed a lawsuit against certain former executives of Superior Energy Services, Inc. over breach of fiduciary duty. According to the lawsuit certain former executives of Stabil Drill, a subsidiary of Superior Energy Services, Inc., participated in a scheme to divert millions from Superior Energy Services, Inc. to their own companies. The plaintiff alleges that those former executives diverted more than $65 million from Superior Energy Services, Inc.

Superior Energy Services, Inc. reported that its annual Total Revenue declined from over $4.55 billion in 2014 to over $2.77 billion in 2015 and that its Net Income of $257.82 million in 2014 declined to a Net Loss of $1.85 billion in 2015.Shares of Superior Energy Services, Inc. (NYSE:SPN) declined from $36.67 per share in June 2014 to as low as $8.25 per share in February 2016.

On September 9, 2016, NYSE:SPN shares closed at $16.05 per share.

Those who purchased shares of Superior Energy Services, 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