NEW ORLEANS -- (Business Wire)
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Oasis Petroleum Inc. (NYSE:
On January 2, 2019, The Wall Street Journal reported in an
article titled “Fracking’s Secret Problem—Oil Wells Aren’t Producing as
Much as Forecast” that, according to a review of available public data
on production, many of the Company’s shale wells, specifically those
involved in the fracking process, were producing oil and gas at a much
lower rate than the Company had forecasted to investors. Further, the
report noted that “findings suggest current production levels may be
hard to sustain without greater spending because operators will have to
drill more wells to meet growth targets.”
KSF’s investigation is focusing on whether Oasis’ officers and/or
directors breached their fiduciary duties to Oasis’ shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Oasis shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org),
or visit https://www.ksfcounsel.com/cases/nyse-oas/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190315005582/en/
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
Source: Kahn Swick & Foti, LLC
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