Energy News / Shareholders Foundation, Inc.

NASDAQ:EGC Shareholder Notice: Investigation over Potential Wrongdoing at Energy XXI Gulf Coast, Inc

Via: ReleaseWire

Updated 11:45 AM CDT, Thu, June 28,2018

An investigation on behalf of investors in Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) shares over potential wrongdoing at Energy XXI Gulf Coast, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 06/28/2018 -- An investigation was announced for investors in shares of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) over potential breaches of fiduciary duties by certain officers and directors.

Investors who purchased shares of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) 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 Energy XXI Gulf Coast officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Houston, TX based Energy XXI Gulf Coast, Inc., an exploration and production company, engages in the acquisition, development, exploitation, and operation of oil and natural gas properties in the United States Gulf Coast region.

On June 18, 2018, Energy XXI Gulf Coast, Inc. (NASDAQ:EGC) announced the signing of an agreement with a Cox Oil affiliate, an independent, privately-held entity that owns and operates assets in the Gulf of Mexico, pursuant to which Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million.

Energy XXI Gulf Coast, Inc. reported that its annual Total Revenue rose from $296.68 million in 2016 to $511.64 million in 2017.

Shares of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) reached in early 2017 as high as $35.96 per share.

On June 27, 2018, NASDAQ: EGC shares closed at $8.85 per share.

Those who purchased shares of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqegc-shareholder-notice-investigation-over-potential-wrongdoing-at-energy-xxi-gulf-coast-inc-1002858.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com