NEW YORK, Nov. 14, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Swift Energy Co. ("Swift Energy" or the "Company") (NYSE: SFY), concerning whether the board has breached its fiduciary duties to shareholders and/or violated the federal securities laws.
On November 11, 2014, the Company disclosed that it would be required to restate its financial results for the full year 2013 and the first and second quarters of 2014 and that its financial statements from those periods should no longer be relied on. The restatement is due to an error in the determination of historical ceiling test write-downs.
Our investigation concerns whether: (a) the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing; and (b) the Company, or any of its officer or directors violated the federal securities laws.
If you own Swift Energy shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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