Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Suncor Energy Inc. (NYSE: SU) resulting from allegations that Suncor may have issued materially misleading business information to the investing public.
On August 17, 2020, Suncor announced that the Company had experienced a fire at the secondary extraction facilities of its Base Plant mine in Fort McMurray, Alberta.
On September 7, 2020, Suncor issued a press release “provid[ing an] operational and 2020 guidance update.” In the press release, Suncor disclosed that while “initial repairs can allow the mine to operate at full rates, production has been restricted to manage bitumen quality into the upgraders[.]” On this news, Suncor's stock price fell $1.53 per share, or nearly 10%, to close at $13.99 per share on September 8, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of Suncor shareholders. If you purchased securities of Suncor please visit the firm’s website at http://www.rosenlegal.com/cases-register-1947.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at mailto:email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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