Investigation Overview
An investigation on behalf of current long-term investors in shares of Par Pacific Holdings, Inc. (NYSE: PARR) was announced over potential breaches of fiduciary duties by certain officers and directors at Par Pacific Holdings.
The investigation by a law firm concerns whether certain Par Pacific Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houston, TX based Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. Par Pacific Holdings, Inc. reported that its annual Total Revenue declined from over $2.06 billion in 2015 to over $1.86 billion in 2016 and that its Net Loss increased from $39.91 million in 2015 to $45.83 million in 2016.
Shares of Par Pacific Holdings, Inc. (NYSE: PARR) closed on April 25, 2018, at $17.93 per share.