Press release from Business Wire
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Harvest Natural Resources Inc.
Friday, April 19, 2013
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Harvest Natural Resources Inc.23:08 EDT Friday, April 19, 2013
LOS ANGELES (Business Wire) -- The Law Offices of Todd M. Garber announces that investors of Harvest Natural Resources Inc. (“Harvest” or the “Company”) (NYSE:HNR) have until May 21, 2013 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 Texas. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of Harvest securities between May 7, 2010 and March 18, 2013, inclusive (the “Class Period”). The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements or failed to disclose material adverse facts about the Company's financial performance and prospects.
Harvest, an independent energy company, engages in the acquisition, exploration, development, production and disposition of oil and natural gas properties. The Complaint specifically alleges that defendants misrepresented or failed to disclose that: (1) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (2) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (3) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (4) the Company lacked adequate internal and financial controls; and (5) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
If you are a member of the above-described Class, you may move the Court no later than May 21, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California