The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Finkelstein & Krinsk LLP Files Class Action Lawsuit Against Magnum Hunter Resources Corporation

Wednesday, May 22, 2013

Finkelstein & Krinsk LLP Files Class Action Lawsuit Against Magnum Hunter Resources Corporation

18:01 EDT Wednesday, May 22, 2013

SAN DIEGO, May 22, 2013 /PRNewswire/ -- Finkelstein & Krinsk LLP filed a class action securities lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Magnum Hunter Resources Corporation ("Magnum Hunter") (NYSE: MHR) common stock (the "Class") during the period of May 3, 2012 through April 16, 2013, inclusive (the "Class Period").

Magnum Hunter is an independent oil and gas company. On April 16, 2013, Magnum Hunter disclosed that it had dismissed its auditor, PricewaterhouseCoopers LLP ("PwC"), following it being advised of material weaknesses in the Company's internal accounting controls. PwC identified issues having a material impact on the fairness or reliability of Magnum Hunter's consolidated financial statements. Dissemination of this news to public investors caused Magnum Hunter shares to decline.

PwC disagreed with the Company's account of events and has stated that it advised the Company it had concluded that the fairness and reliability of the Company's consolidated financial statements were questionable.

Plaintiff seeks to recover damages on behalf of buyers of Magnum Hunter stock during the Class Period. Plaintiff is represented by Finkelstein & Krinsk LLP, the highly regarded and highly experienced law firm specializing in securities cases.

As a member of the Class described above, you may (by not later than June 24, 2013) move to serve as lead plaintiff for the Class. If you choose to do nothing you simply remain an absent class member with your sharing in a recovery unaffected by your decision. If you want to discuss this matter or represent your interests at no cost or through your attorney, please contact our San Diego office at 877.493.5366 (Michael Plavi), by fax to 619.238.5425, or via email at

FINKELSTEIN & KRINSK, LLP501 West Broadway, Suite 1250San Diego, CA 92101Tel: 619.238.1333Fax:

SOURCE Finkelstein & Krinsk LLP

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
Other Sections