Press release from Business Wire
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Lone Pine Resources, Inc.
Thursday, July 05, 2012
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Lone Pine Resources, Inc.22:09 EDT Thursday, July 05, 2012 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that all purchasers of the common stock of Lone Pine Resources, Inc. (“Lone Pine” or the “Company”) (NYSE:LPR) pursuant and/or traceable to the allegedly false and misleading Registration Statement and Prospectus issued in connection with the Company's May 26, 2011 initial public offering (the “IPO”), have until September 4, 2012 to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Southern District of New York. Lone Pine engages in the exploration, development and production of oil and gas properties in Canada. The Complaint asserts violations of the federal securities laws and alleges that Lone Pine issued materially misleading statements and/or failed to disclose material adverse facts about the Company's business and financial prospects. Specifically the Complaint alleges that defendants misrepresented and failed to disclose that the Company was experiencing significantly increased costs and disruption in production volumes attributed to a major pipeline rupture and a large forest fire. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Lone Pine common stock pursuant or traceable to the Company's IPO commencing May 26, 2011, you have certain rights, and have until September 4, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, or may retain counsel of your choice. If you wish to discuss this action or have questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com. Law Offices of Howard G. SmithHoward G. Smith, Esquire(215) 638-4847(888) email@example.com