SAN DIEGO–(BUSINESS WIRE)–Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether Berry Corp. (“Berry”) (NASDAQ: BRY) or certain of its officers and directors violated federal securities laws. If you purchased Berry shares pursuant and/or traceable to Berry’s Initial Public Offering (“IPO”) in July 2018 or afterward, you are encouraged to contact Amber Eck at 619-342-8000 for additional information.
Berry is an independent upstream energy company that is engaged in the development and production of conventional oil reserves located in the Western United States. Berry primarily focuses on the exploration of domestic oil and natural gas reserves located in the San Joaquin basin in California.
On or about July 27, 2018, Berry conducted its IPO, issuing 13,043,479 shares of common stock to the general public at $14 per share.
On November 19, 2019, the Division of Oil, Gas and Geothermal Resources (“DOGGR”), which is charged with regulating California’s $152 billion petroleum industry and ensuring that public safety and the environment are protected, announced a series of initiatives aimed at advancing California’s goal to become carbon-neutral by 2045 and manage the decline of oil production and consumption in the state.
Analysts sounded the alarm and Berry’s stock took an immediate hit, closing down over 21% on November 19, 2019, before falling an additional 19.89% to close at $6.78 on November 20, 2019.
On October 26, 2020, Berry’s shares closed at $2.99, representing nearly a 79% decline from the Company’s $14 IPO price.
What You Can Do
If you purchased Berry securities, you may have legal claims against Berry and/or certain of its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at firstname.lastname@example.org. There is no cost or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.
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