Shareholders Foundation, Inc.

Nuverra Environmental Solutions Inc (NYSE:NES) Investor Alert: Investigation over Possible Securities Laws Violations

An investigation for investors in Nuverra Environmental Solutions Inc (NYSE:NES) shares over potential securities laws violations by Nuverra Environmental Solutions was announced and NYSE:NES stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (SBWIRE) -- 09/03/2013 -- An investigation on behalf of investors of Nuverra Environmental Solutions Inc (NYSE:NES) shares over potential securities laws violations by Nuverra Environmental Solutions and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Nuverra Environmental Solutions Inc (NYSE:NES) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nuverra Environmental Solutions Inc (NYSE:NES) concerning whether a series of statements by Nuverra Environmental Solutions Inc . regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Nuverra Environmental Solutions Inc reported that its annual Total Revenue rose from $156.84 million in 2011 to $351.98 million in 2012 and that its Net Loss of $23.01 million in 2011 turned into a Net Income of $2.53 million in 2012.

On May 8, 2013, Nuverra Environmental Solutions Inc announced its first quarter 2013 financial results. For the first quarter in 2013 Nuverra Environmental Solutions Inc reported quarterly Revenue of $159.46 million with quarterly Net Loss of $12.63 million. Among other things, Nuverra Environmental Solutions Inc provided its 2013 outlook and financial guidance.

The on July 30, 2013, Nuverra Environmental Solutions Inc reported its preliminary second quarter 2013 results. Nuverra Environmental Solutions Inc announced certain preliminary financial results for the second quarter endedJune 30, 2013.Nuverra expects to report revenues for the second quarter of approximately $165.5 million and adjusted EBITDA in the range of $32.8 million to $33.6 million.

Shares of Nuverra Environmental Solutions Inc (NYSE:NES) closed on August 29, 2013 at $2.32 per share.

Those who purchased shares of Nuverra Environmental Solutions Inc (NYSE:NES), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com