An investigation for investors in NYSE:CRC shares was announced over potential breaches of fiduciary duties by certain California Resources directors.
Investors who purchased shares of California Resources Corp (NYSE:CRC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain California Resources directors breached their fiduciary duties.
Chatsworth, CA based California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. 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 11, 2016, NYSE:CRC shares closed at $1.64 per share.
Those who purchased NYSE:CRC shares of California Resources Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego