Investigation Overview
An investigation on behalf of investors in shares of Eclipse Resources Corp (NYSE:ECR) was announced over potential breaches of fiduciary duties by certain officers and directors at Eclipse Resources.
The investigation by a law firm concerns whether certain Eclipse Resources officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
State College, PA based Eclipse Resources Corporation is an independent exploration and production company. Eclipse Resources Corp reported that its annual Total Revenue declined from $255.32 million in 2015 to $235.03 million in 2016 and that its Net Loss declined from $971.41 million in 2015 to $203.81 million in 2016. Shares of Eclipse Resources Corp (NYSE:ECR) declined from $27 per share in June 2014 to as low as $0.70 per share in early 2016.