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SOURCE Harwood Feffer LLP
NEW YORK, Sept. 9, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Nuverra Environmental Solutions, Inc. ("Nuverra" or the "Company") (NYSE: NES), concerning whether the board has breached its fiduciary duties to shareholders.
On July 30, 2013, the Company disclosed disappointing preliminary financial results for the second quarter of 2013. On August 23, 2013, a media report suggested that the true financial state of the Company may have been concealed from investors, including: (a) that the Company was not experiencing any growth in its Shale Solutions segment; (b) the Company's rental business was struggling due to a collapse of rental rates caused by oversupply; and (c) recent acquisitions were no longer contributing to Nuverra's financial performance.
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 Nuverra 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.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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.
Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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