DALLAS, June 15, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of Sanchez Energy Corporation (NYSE: SN) violated shareholder protection laws by allegedly making restricted stock grants to Chairman/CEO Antonio Sanchez and members of his family, which have cost the company millions of dollars. Current Sanchez Energy investors who purchased shares between December 13, 2011 and January 5, 2012 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"We believe that the fairness of the restricted stock grants should be challenged," securities lawyer Hamilton Lindley said. "These transactions were presumably approved by the company's Audit Committee, which includes Mr. Sanchez himself. Our proposed shareholder lawsuit will seek to ensure that proper controls are placed, fiduciary duties are met, and company's value is improved for investors."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Sanchez Energy Corporation shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.
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SOURCE Goldfarb LLP