LOS ANGELES, CA / ACCESSWIRE / September 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Suncor Energy Inc. ("Suncor" or "the Company") (NYSE:SU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Suncor issues a press release on September 7, 2020, providing an "operational and 2020 guidance update." The Company disclosed that following an August fire at its secondary extraction facility in Fort McMurray, Canada, "initial repairs can allow the mine to operate at full rates, production has been restricted to manage bitumen quality into the upgraders[.]" Based on this news, shares of Suncor fell by nearly 10% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm