Former Hess Corp. (NYSE:HES) Employee Alert: Investigation over potential Wrongdoing

The Shareholders Foundation announces that an investigation on behalf of former employees of Hess Corp, who are current or former participants in the Hess Corp. Employee Stock Bonus Plan and/or currently hold NYSE:HES shares, was initiated concerning potential Breaches of Fiduciary Duty.

New York based Hess Corporation is a global integrated energy company.

Former employees of Hess Corp. (NYSE:HES), who are current or former participants in the Hess Corp. Employee Stock Bonus Plan and/or those who currently hold NYSE:HES shares, have certain options and should contact the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the investigation by a law firm certain employees of Hess Corp., may be eligible to file a complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. More specifically, the investigation concerns whether certain Hess officers and directors breached their fiduciary duties and caused damage to the company.

Hess Corp. reported that its annual Revenue rose from over $33.86 billion in 2010 to over $38.46 billion in 2011. However, Hess Corporation’s Net Income declined from over $2.12 billion in 2010 to over $1.7 billion in 2011.

Shares of Hess Corp. (NYSE:HES) grew from as low as $50.08 per share in July 2010 to as high as $86.74 per share in April 2011.

Since then NYSE:HES shares declined to as low as $41.00 per share in June 2012.

On February 1, 2013,NYSE:HES shares closed at $68.21 per share.

Those who are former employees of Hess Corp. (NYSE:HES), who are current or former participants in the Hess Corp. Employee Stock Bonus Plan and/or those who currently hold NYSE:HES shares, have certain options and should contact the Shareholders Foundation, Inc.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Posted by on Feb 2013. All trademarks acknowledged. Filed under Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

Comments are closed

Log in