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Whiting Petroleum Corp (NYSE:WLL) Investor Alert: Investigation over potential Wrongdoing

  • If you purchased shares of Whiting Petroleum Corp (NYSE:WLL), 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
Whiting Petroleum Corp
Security
NYSE: WLL

Summary

April 10, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Whiting Petroleum Corp (NYSE:WLL) was announced over potential breaches of fiduciary duties by certain officers and directors at Whiting Petroleum Corp.

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

Whiting Petroleum Corp reported that its annual Total Revenue declined from over $2.09 billion in 2015 to over $1.28 billion in 2016 and that its Net Loss declined from over $2.21 billion in 2015 to over $1.33 billion in 2016.

Shares of Whiting Petroleum Corp (NYSE:WLL) declined from over $92 per share in August 2014 to as low as $3.88 per hare in February 2016.

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