Newman Ferrara LLP Announces Corporate Governance Investigation of Sanchez Energy Corporation - SN
Newman Ferrara LLP recently announced 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 ( email@example.com) or Roger Sachar, Jr. ( firstname.lastname@example.org) to discuss this investigation and their rights.