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Parker Drilling Company (NYSE:PKD) Investor Investigation Concerning possible Breaches Of Fiduciary Duties Announced

  • If you who purchased shares of Parker Drilling Company (NYSE:PKD) and currently hold any of those NYSE:PKD shares, 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
Parker Drilling Company
Security
NYSE: PKD

Summary

November 10, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Parker Drilling Company (NYSE:PKD) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Parker Drilling.

The investigation by a law firm concerns whether certain Parker Drilling officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Parker Drilling Company reported that its annual Total Revenue rose from $677.76 million in 2012 to $874.17 million in 2013 while its Net Income declined from $37.31 million in 2012 to $27.02 million in 2013. Shares of Parker Drilling Company (NYSE:PKD) declined from $8.41 per share in November 2013 to as low as $3.80 per share on October 15, 2014.

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