Erin Energy Corp (NYSEMKT:ERN) Investor Investigation Over Potential Breaches Of Fiduciary Duties Announced

If you purchased shares of Erin Energy Corp (NYSEMKT:ERN), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to, or call us at (858) 779-1554.
Company Name(s): 
Erin Energy
Affected Securities: 

June 12, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Erin Energy Corp (NYSEMKT:ERN) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Erin Energy.

The investigation by a law firm concerns whether certain Erin Energy Corp (NYSEMKT:ERN officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Erin Energy Corp reported that its annual Total Revenue declined from $74.67 million in 2012 to $53.84 million in 2014 and that its Net Loss increased from $32.71 million in 2012 to $96.06 million in 2014. Shares of Erin Energy Corp (NYSEMKT:ERN) increased from $4.81 per share on May 11, 2015 to as high as $8.76 per share on June 2, 2015.

On June 8, 2015, NYSEMKT:ERN shares declined to $5.51 per share.