An investigation on behalf of investors in NexTier Oilfield Solutions Inc. (NYSE: NEX) shares over potential wrongdoing at NexTier Oilfield Solutions Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/10/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at NexTier Oilfield Solutions Inc.
Investors who purchased shares of NexTier Oilfield Solutions Inc. (NYSE: NEX) 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 concerns whether certain NexTier Oilfield Solutions directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houston, TX based NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. NexTier Oilfield Solutions Inc. reported that its annual Total Revenue declined from over $1.82 billion in 2019 to over $1.2 billion in 2020, and that its Net Loss increased from $106.15 million in 2019 to $346.88 million in 2020.
Shares of NexTier Oilfield Solutions Inc. (NYSE: NEX) declined from $22.86 per share in early 2017 to as low as $1.00 per share in March 2020.
Those who purchased shares of NexTier Oilfield Solutions Inc. (NYSE: NEX), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.