The Shuman Law Firm today announced that it is investigating potential claims against certain officers and directors of Sanchez Energy Corporation (“Sanchez Energy" or the "Company”) (NYSE: SN).
Sanchez Energy is controlled by its Chairman and Chief Executive Officer (“CEO”) Antonio R. Sanchez, III and members of his family, who own approximately 64% of the stock through various entities, including Sanchez Oil & Gas Corp. (“SOG”).
The investigation focuses on the Company’s recent disclosure that the Board of Directors (“Board”) had approved grants of restricted stock to several individuals related to Sanchez Energy’s Chairman and CEO, Antonio R. Sanchez, III. In total, the Board reportedly granted more than 850,000 shares of Sanchez Energy stock to Antonio R. Sanchez, III’s immediate relatives, including his father and brothers. These relatives are affiliated with SOG. The shares of Sanchez Energy ranted to the relatives of Antonio R. Sanchez, III were valued at approximately $14.7 million and were reportedly made “in recognition of the importance of [the Company’s] relationship” with SOG.
If you currently own Sanchez Energy common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll-free at (866) 974-8626 or email Mr. Shuman at email@example.com or email Mr. Glenn at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.