Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of Pacific
Coast Oil Trust ("Pacific Coast Oil" or the "Company") (NYSE:ROYT)
concerning possible violations of federal securities laws. The
investigation is focused on certain statements issued by Pacific Coast
Oil concerning the Company's operations and financial performance.
Please contact us at (310) 201-9150, or at < rel="nofollow" href="mailto:email@example.com" rel="nofollow">firstname.lastname@example.org
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
Pacific Coast Oil acquires and holds net profits and royalty interests
in oil and natural gas properties in California. The investigation is
related to allegations that Pacific Coast Oil, in connection with the
Company's May 8, 2012, initial public offering and a subsequent
Secondary Offering of trust units, misrepresented or failed to disclose
material information related to the Company's cash distributions,
capital expenditures and accounting metrics. Since the IPO, the price of
the Company's shares has fallen from the offering price of $20 to below
$13, and the Company has cut its monthly cash distribution multiple
If you purchased shares of Pacific Coast Oil, if you have information or
would like to learn more about these claims, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, of
Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067, at (646) 539-8980, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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