Haeggquist & Eck, LLP Announces Investigation of Claims Against Berry Corp.
October 29 2020 - 9:00AM
Business Wire
Haeggquist & Eck, LLP, a leading shareholder rights
litigation firm, is investigating whether Berry Corp. (“Berry”)
(NASDAQ: BRY) or certain of its officers and directors violated
federal securities laws. If you purchased Berry shares pursuant
and/or traceable to Berry’s Initial Public Offering (“IPO”) in July
2018 or afterward, you are encouraged to contact Amber Eck at
619-342-8000 for additional information.
Berry is an independent upstream energy company that is engaged
in the development and production of conventional oil reserves
located in the Western United States. Berry primarily focuses on
the exploration of domestic oil and natural gas reserves located in
the San Joaquin basin in California.
On or about July 27, 2018, Berry conducted its IPO, issuing
13,043,479 shares of common stock to the general public at $14 per
share.
On November 19, 2019, the Division of Oil, Gas and Geothermal
Resources (“DOGGR”), which is charged with regulating California’s
$152 billion petroleum industry and ensuring that public safety and
the environment are protected, announced a series of initiatives
aimed at advancing California’s goal to become carbon-neutral by
2045 and manage the decline of oil production and consumption in
the state.
Analysts sounded the alarm and Berry’s stock took an immediate
hit, closing down over 21% on November 19, 2019, before falling an
additional 19.89% to close at $6.78 on November 20, 2019.
On October 26, 2020, Berry’s shares closed at $2.99,
representing nearly a 79% decline from the Company’s $14 IPO
price.
What You Can Do
If you purchased Berry securities, you may have legal claims
against Berry and/or certain of its directors and officers. If you
wish to discuss this investigation, or have questions about this
notice or your legal rights, please contact attorney Amber Eck at
619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost
or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
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version on businesswire.com: https://www.businesswire.com/news/home/20201029005084/en/
Haeggquist & Eck, LLP 619-342-8000 Amber Eck,
ambere@haelaw.com
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