Amplify Energy Corp. (AMPY)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY). The investigation concerns whether Amplify and certain of its officers and/or directors have violated federal securities laws.
On October 4, 2021, Amplify issued a press release announcing a large oil spill in Southern California. Specifically, the press release stated that “on Saturday, October 2, 2021, Beta Offshore (a subsidiary of Amplify Energy) first observed and notified the US Coast Guard of an oil sheen approximately four (4) miles off the coast in Southern California and initiated its Oil Spill Prevention and Response Plan. The Company has sent a remotely operated vehicle (ROV) to investigate and attempt to confirm source of the release. As a precautionary measure, all of the Company’s production and pipeline operations at the Beta Field have been shut down.” On this news, Amplify’s stock price fell sharply during intraday trading on October 4, 2021.
If you are aware of any facts relating to this investigation, or purchased Amplify shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.