NEW YORK, April 26, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Exterran Corporation ("Exterran" or the "Company") (NYSE: EXTN), concerning whether the board has breached its fiduciary duties to shareholders.
On November 4, 2015, the Company completed its spin-off from Exterran Holdings, Inc. into an independent company with its own publicly traded stock which commenced trading at $18.00 per share.
On April 26, 2016, the Company disclosed that it would restate its financial statements issued for the periods during 2015. As a result the Company's previously issued financial statements should not be relied on.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Exterran shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP