The Shareholders Foundation announces that an investor in Sanchez Energy Corp (NYSE:SN) shares filed a lawsuit against directors of Sanchez Energy over alleged breaches of fiduciary duties.According to the complaint the plaintiff alleges that Sanchez Energy Corp overpaid last August in a $100 million deal for the right to drill on Mississippi land partly owned by Sanchez family members.
Investors who are current long term stockholders in Sanchez Energy Corp (NYSE:SN) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
Sanchez Energy Corp reported that its annual Total Revenue rose from $14.52 million in 2011 to $43.16 million in 2012, while its Net Income of $1.97 million in 2011 turned into a Net Loss of $16.30 per share in 2012. Then for 2012 Sanchez Energy Corp reported that its annual Total Revenue rose to $314.42 million and its Net loss in 2012 turned to a Net Income in 2013 of $26.90 million. Sanchez Energy Corp (NYSE:SN) grew from $17.29 per share in April 2013 to as high as $31.98 per share in February 2014.
On April 7, 2014, NYSE:SN shares closed at $28.31 per share.
Those who purchased shares of certain Sanchez Energy Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego