Investigation Overview
September 25, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Range Resources Corp. (NYSE:RRC) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Range Resources.
The investigation by a law firm concerns whether certain Range Resources officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Range Resources Corp. reported that its annual Total Revenue rose from over $1.36 billion in 2012 to over $2.04 billion in 2014 and that its respective Net Income increased from $13 million to $634.38 million.
Shares of Range Resources Corp. (NYSE:RRC) declined from $93.36 per share in June 2014 to as low as $32.82 per share on August 24, 2015.