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California Resources Corp (NYSE:CRC) Investor Investigation Over Possible Breaches Of Fiduciary Duties 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

April 07, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of California Resources Corp (NYSE:CRC) was announced over potential breaches of fiduciary duties by certain officers and directors at California Resources.

The investigation by a law firm concerns whether certain California Resources officers and 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 April 7, 2016, NYSE:CRC shares closed at $1.13 per share.

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