Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EP

August 19, 2024 05:09 PM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Empire Petroleum Corporation (“Empire” or the “Company”) (NYSE:EP) into potential breaches of fiduciary duty by the Company’s Board of Directors (the “Board”).

Empire, headquartered in Tulsa, OK, is a conventional oil and natural gas producer with a main focus in the US onshore. Newman Ferrara’s investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company’s lackluster performance, it is clear that the Board lacks the ability to fairly assess and oversee the Company’s direction and leadership.

Current Empire stockholders seeking more information on this matter are invited to contact Newman Ferrara attorneys Jeffrey Norton (jnorton@nfllp.com) or Benjamin Baker (bbaker@nfllp.com) to discuss this investigation and their rights.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.

Contacts
Newman Ferrara LLP
Benjamin Baker
bbaker@nfllp.com
1250 Broadway, 27th Fl.
New York, NY 10001
(212) 619-5400