Newman Ferrara LLP Announces Corporate Governance Investigation of Sanchez Energy Corporation - SN
Newman Ferrara LLP announced today that the firm is conducting an
investigation on behalf of shareholders of Sanchez Energy Corporation
(“Sanchez Energy” or the “Company”) (NYSE:SN) into potential breaches of
fiduciary duty by the Company’s Board of Directors (the “Board”).
Sanchez Energy, headquartered in Houston, Texas, is an independent
exploration and production company, acquiring and developing onshore oil
and natural gas resources primarily in South Texas. Newman Ferrara’s
investigation focuses on decisions made by the Board, without
shareholder approval, the result of which significantly diminish
shareholder value and do not benefit the Company. Considering the
Company’s lackluster performance since its 2011 initial public offering,
it is clear that the Board lacks the ability to fairly assess and
oversee the Company’s direction and leadership.
Current Sanchez Energy stockholders seeking more information on this
matter are invited to contact Newman Ferrara attorneys Jeffrey Norton (jnorton@nfllp.com)
or Roger Sachar, Jr. (rsachar@nfllp.com)
to discuss this investigation and their rights.
Newman Ferrara maintains a multifaceted practice based in New York City
with attorneys specializing in complex commercial and multi-party
litigation, securities fraud and shareholder litigation, consumer
protection, civil rights, and real estate. For more information, please
visit the firm website at www.nfllp.com.
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Copyright Business Wire 2017
Source: Business Wire
(July 12, 2017 - 3:03 PM EDT)
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