Press release
Berry Corporation (NASDAQ: BRY) Long Term Investor Notice: Lawsuit filed against certain directors of Berry Corporation
A lawsuit was filed by a current investor in Berry Corporation (NASDAQ: BRY) shares over alleged breaches of fiduciary duty.
Investors who are current long term investors in Berry Corporation (NASDAQ: BRY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that certain directors of Berry Corporation made certain misleading statements that covered up "chronic internal deficiencies" that Berry Corporation faced in obtaining permits. The lawsuit against certain directors of Berry Corporation over alleged breaches of fiduciary duties follows a lawsuit against Berry Corporation over alleged securities laws violations that was filed in November 2202. According to that complaint the plaintiff alleged that the Offering Documents that were filed in connection with the company's IPO and that the Defendants made false and/or misleading statements and/or failed to disclose that Berry had materially overstated its operational efficiency and stability, that Berry's operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Company's productivity and increase costs, that the foregoing would foreseeably negatively impact the Company's revenues, and that as a result, the Offering Documents and the Company's public statements were materially false and/or misleading and failed to state information required to be stated therein.
Those who purchased shares of Berry Corporation (NASDAQ: BRY) 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.
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