Investigation Overview
April 11, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Continental Resources, Inc. (NYSE:CLR) was announced over potential breaches of fiduciary duties by certain officers and directors at Continental Resources, Inc.
The investigation by a law firm concerns whether certain Continental Resources officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Continental Resources, Inc. reported that its annual Total Revenue declined from over $2.58 billion in 2015 to over $2.05 billion in 2016 and that its respective Net Loss increased from $353.67 million to $399.68 million. Shares of Continental Resources, Inc. grew from $17.46 per share in February 2016 to $57.61 per share in December 2016.
On April 11, 2017, NYSE:CLR shares closed at $46.96 per share.