LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Pacific Coast Oil Trust (“Pacific Coast Oil” or the “Company”) (NYSE:ROYT) concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by Pacific Coast Oil concerning the Company’s operations and financial performance.
Please contact us at (310) 201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
Pacific Coast Oil acquires and holds net profits and royalty interests in oil and natural gas properties in California. The investigation is related to allegations that Pacific Coast Oil, in connection with the Company’s May 8, 2012, initial public offering and a subsequent Secondary Offering of trust units, misrepresented or failed to disclose material information related to the Company’s cash distributions, capital expenditures and accounting metrics. Since the IPO, the price of the Company’s shares has fallen from the offering price of $20 to below $13, and the Company has cut its monthly cash distribution multiple times.
If you purchased shares of Pacific Coast Oil, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (646) 539-8980, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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