Newman Ferrara LLP Announces Corporate Governance Investigation of Sanchez Energy Corporation - SN
July 12 2017 - 3:03PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20170712006173/en/
Newman Ferrara LLPJeffrey M. Norton,
212-619-5400jnorton@nfllp.com