{"id":472087,"date":"2021-04-06T14:58:28","date_gmt":"2021-04-06T18:58:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472087"},"modified":"2021-04-06T14:58:28","modified_gmt":"2021-04-06T18:58:28","slug":"scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fscott-scott.com%2Fcase%2Frange-resources-corporation%2F&amp;esheet=52407502&amp;newsitemid=20210406006037&amp;lan=en-US&amp;anchor=Scott%2BScott+Attorneys+at+Law+LLP&amp;index=1&amp;md5=728aac42bc6aa9a6cfadc02baadb4e26\">Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Range Resources Corporation (\u201cRange Resources\u201d) (NYSE: RRC) breached their fiduciary duties to Range Resources and its shareholders. <b>If you are a Range Resources shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or <a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\">jpettigrew@scott-scott.com<\/a>.<\/b><\/p>\n<p>\nScott+Scott is investigating whether members of the Range Resources Board of Directors (the \u201cBoard\u201d) made, or caused Range Resources to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Range Resources\u2019s business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (i) Range Resources had improperly designated the status of its wells in Pennsylvania since at least 2013; (ii) the foregoing conduct subjected Range Resources to a heightened risk of regulatory investigation and enforcement, as well as artificially decreased Range Resources\u2019s periodically reported cost estimates to plug and abandon its wells; (iii) Range Resources was the subject of a Department of Environmental Protection (\u201cDEP\u201d) investigation from sometime between September 2017 to January 2021 for improperly designating the status of its wells; (iv) the DEP investigation foreseeably would and ultimately did lead to Range Resources incurring regulatory fines; and (v) as a result, statements about Range Resources\u2019s business, operations, and prospects lacked a reasonable basis.\n<\/p>\n<p>\nOn February 10, 2021, shortly before the close of the trading session, the DEP issued a press release announcing that Range Resources had paid a $294,000 civil penalty to the agency on January 8, 2021, for violating the 2012 Oil and Gas Act. The DEP had begun investigating the Company after the agency found conflicting and inaccurate information on the status of a Company well in Fayette County, Pennsylvania\u2014specifically concerning whether the well in question was correctly designated as inactive for the purposes of DEP regulation. After subpoenaing Range Resources for information on other wells the Company had requested to designate as inactive, the DEP found that \u201cbetween Tuesday, July 16, 2013, and Monday, October 11, 2017, 42 of Range Resources\u2019 conventional wells were placed on inactive status but were never used again\u201d and that several of the Company\u2019s \u201cwells had not been in use for 12 months at the time Range Resources submitted its applications for inactive status,\u201d even though \u201cafter 12 consecutive months of no production, the well would be classified as abandoned and must be plugged.\u201d In addition to paying the DEP\u2019s civil penalty, Range Resources was ultimately required to plug the wells the agency identified as having no viable future use to remediate the issue.\n<\/p>\n<p>\nThe following day, as the market fully digested the significance of the DEP\u2019s announcement, Range Resources\u2019s stock price fell $0.62 per share, or 6.08%, from its closing price on February 10, 2021, to close at $9.57 per share on February 11, 2021.\n<\/p>\n<p><b>What You Can Do<\/b><\/p>\n<p>\nIf you are a Range Resources shareholder, you may have legal claims against Range Resources\u2019s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or <a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\">jpettigrew@scott-scott.com<\/a>.\n<\/p>\n<p><b>About Scott+Scott<\/b><\/p>\n<p>\nScott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.\n<\/p>\n<p>\nAttorney Advertising\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406006037\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406006037\/en\/<\/a><\/span><\/p>\n<p><b>Joe Pettigrew<br \/>\n<\/b><br \/><b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fscott-scott.com%2Fcase%2Frange-resources-corporation%2F&amp;esheet=52407502&amp;newsitemid=20210406006037&amp;lan=en-US&amp;anchor=Scott%2BScott+Attorneys+at+Law+LLP&amp;index=2&amp;md5=739a8be1b031ac8debfb62a674acca8d\">Scott+Scott Attorneys at Law LLP<br \/>\n<\/a><\/b><br \/><b>230 Park Avenue, 17th Floor, New York, NY 10169<br \/>\n<\/b><br \/><b>844-818-6982<br \/>\n<\/b><br \/><b><a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\">jpettigrew@scott-scott.com<\/a><\/b><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406006037\/en\/456736\/3\/Scott%2BScott_Logo_Large.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC NEW YORK&#8211;(BUSINESS WIRE)&#8211;Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Range Resources Corporation (\u201cRange Resources\u201d) (NYSE: RRC) breached their fiduciary duties to Range Resources and its shareholders. If you are a Range Resources shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether members of the Range Resources Board of Directors (the \u201cBoard\u201d) made, or caused Range Resources to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Range Resources\u2019s business, operations, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472087","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC NEW YORK&#8211;(BUSINESS WIRE)&#8211;Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Range Resources Corporation (\u201cRange Resources\u201d) (NYSE: RRC) breached their fiduciary duties to Range Resources and its shareholders. If you are a Range Resources shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether members of the Range Resources Board of Directors (the \u201cBoard\u201d) made, or caused Range Resources to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Range Resources\u2019s business, operations, &hellip; Continue reading &quot;Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T18:58:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC\",\"datePublished\":\"2021-04-06T18:58:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/\"},\"wordCount\":663,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210406006037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\\\/\",\"name\":\"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC - 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If you are a Range Resources shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com. Scott+Scott is investigating whether members of the Range Resources Board of Directors (the \u201cBoard\u201d) made, or caused Range Resources to make, false and\/or misleading statements, as well as failed to disclose material adverse facts, about Range Resources\u2019s business, operations, &hellip; Continue reading \"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T18:58:28+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC","datePublished":"2021-04-06T18:58:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/"},"wordCount":663,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-investigates-range-resources-corporations-directors-and-officers-for-breach-of-fiduciary-duties-rrc\/","name":"Scott+Scott Attorneys at Law LLP Investigates Range Resources Corporation\u2019s Directors and Officers for Breach of Fiduciary Duties \u2013 RRC - 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