Investigation announced for Investors in shares of Tellurian Inc. (NASDAQ: TELL)

An investigation was announced concerning potential securities laws violations by Tellurian Inc. in connection with certain financial statements.

Investors who purchased shares of Tellurian Inc. (NASDAQ: TELL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Tellurian Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houston, TX based Tellurian Inc. engages in the natural gas business worldwide. Tellurian Inc. reported that its annual Total Revenue rose from $28.77 million in 2019 to $37.43 million in 2020, and that its Net Loss increased from $151.76 million in 2019 to $210.69 million in 2020.

On January 20, 2022, Tellurian Inc’s Chief Executive Officer (“CEO”), Charif Souki, was sued by Christopher Parker, who invested tens of millions of dollars in the Company. When Parker sought to sell his shares in mid-2019, Souki allegedly induced him to delay selling Tellurian shares by offering to indemnify Parker against any losses through the end of 2020. This agreement was memorialized by text messages. When Parker sought a written agreement extending the term to December 31, 2021 and providing for interest, Souki allegedly agreed to the terms but refused to sign the agreement because Souki omitted the liability in his disclosures to his lenders.
Shares of Tellurian Inc. (NASDAQ: TELL) declined from $4.83 per share in November 2021 to as low as $2.23 per share on January 28, 2022.

Those who purchased shares of Tellurian Inc. (NASDAQ: TELL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.