February 24, 2017 (Shareholders Foundation) - An investigation on behalf of investors of CVR Energy, Inc. (NYSE:CVI) shares over potential securities laws violations by CVR Energy 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 CVR Energy, Inc. (NYSE:CVI) concerning whether a series of statements by CVR Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

CVR Energy, Inc. reported that its annual Total Revenue declined from over $9.1 billion in 2014 to over $4.78 billion in 2016 and that its Net Income decreased from $173.90 million in 2014 to $24.70 million in 2016.

Shares of CVR Energy, Inc. (NYSE:CVI) declined from as high as $67.90 per share in May 2013 to as low as $12.79 per share in November 2016.

On February 14, 2017, the U.S. Securities and Exchange Commission ('SEC') announced that CVR Energy, Inc had settled an SEC probe into its unsuccessful defense against Carl Icahn's 2012 hostile takeover bid. The investigation focused on whether CVR Energy, Inc had properly accounted for the fees paid to Goldman Sachs and Deutsche Bank advisers to defend against Icahn's offer. CVR Energy, Inc decided to settle the probe without admitting or denying wrongdoing, and the SEC said that CVR Energy, Inc would not pay a penalty since it had taken remedial steps it because of its 'extensive cooperation' with the probe.

Shares of CVR Energy, Inc. (NYSE:CVI) closed on February 21, 2017 at $23.82 per share.