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Rex Energy Corporation (NASDAQ:REXX) Investor Investigation Over Possible Wrongdoing Announced

  • If you purchased shares of Rex Energy Corporation (NASDAQ:REXX), 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
Rex Energy Corporation
Security
NASDAQ: REXX

Summary

April 6, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Rex Energy Corporation (NASDAQ:REXX) was announced over potential breaches of fiduciary duties by certain officers and directors at Rex Energy.

The investigation by a law firm concerns whether certain Rex Energy officers and directors breached their fiduciary duties

Rex Energy Corporation reported that its annual Total Revenue declined from $297.99 million in 2014 to $171.99 million in 2015 and that its Net Loss increased from $46.69 million in 2014 to $363.28 million in 2015.

Shares of Rex Energy Corporation (NASDAQ:REXX) declined from as high as $21.28 per share in May 2014 to as low as $0.49 per share in February 2016.

On April 6, 2015, NASDAQ:REXX shares closed at $0.738 per share.

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