Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of California Resources Corporation (NYSE: CRC) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of California Resources Corporation (NYSE: CRC) concerning whether a series of statements by California Resources Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On June 25, 2015, BlueMountain Capital released a report describing NYSE: CRC shares as "worthless," stating that the company's oil fields have high overhead costs and a slowed crude output inadequate to cover CRC’s debt, and assessing the company's undrilled reserves portfolio as "of little incremental value."

Following the release of this news, shares of CRC stock dropped 5.7% to $6.75 on June 26, 2015.

Based in Los Angeles, CA, California Resources Corporation is a producer and marketer of oil, natural gas, and natural gas liquids.

If you purchased shares of California Resources Corporation (NYSE: CRC) on or before June 25, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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