TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

California Resources Corp (NYSE:CRC) Investor Investigation Concerning Potential Securities Laws Violations Announced

  • If you purchased shares of California Resources Corp (NYSE:CRC), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
California Resources Corp
Security
NYSE: CRC

Summary

July 13, 2015 (Shareholders Foundation) - An investigation on behalf of investors of California Resources Corp (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.

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 July8, 2015, to as low as $5.12 per share.

On July 13, 2015, NYSE:CRC shares closed at $5.39 per share.

Start Monitoring Your Investments