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If you are a current long term stockholder of shares of Swift Energy Company (NYSE:SFY), you have certain options and you should contact the Shareholders Foundation, Inc.
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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
April 15, 2013 (Shareholders Foundation) - An investigation on behalf of investors in shares of Swift Energy Company (NYSE:SFY) was announced concerning whether certain Swift Energy officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns, among other things, whether certain Swift Energy Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
Swift Energy Company (NYSE:SFY) reported that its Total Revenue declined from $599.13 million in 2011 to $557.29 million in 2012 and its respective Net Income decreased from $98.82 million to $20.94 million.
Shares of Swift Energy Company (NYSE:SFY) declined from as high as $46.27 per share in February 2011 to as low as $13.18 in February 2013.
On April 12, 2013, NYSE:SFY shares closed at $14.80 per share.
