Investigation Overview
Company
Security
NYSE: SN
Summary
November 29, 2013 (Shareholders Foundation) - An investigation on behalf of investors in NYSE:SN shares was announced over potential breaches of fiduciary duties by certain officers and directors at Sanchez Energy Corp.
The investigation by a law firm concerns whether certain Sanchez Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Sanchez Energy Corp reported that its annual Total Revenue rose from $14.52 million in 2011 to $43.16 million in 2012, while its Net Income of $1.97 million in 2011 turned into a Net Loss of $16.30 per share in 2012.
Sanchez Energy Corp (NYSE:SN) shares closed on November 29, 2013 at $25.67 per share.