NEW YORK, Sept. 29, 2014 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Southern District of
Texas on behalf of investors who
purchased Key Energy Services Inc. ("Key Energy" or the "Company")
(NYSE: KEG) securities between July 25,
2013 and July 17, 2014.
For more information, click here:
http://zlk.9nl.com/key-energy-keg.
The complaint alleges that Key Energy violated the Securities
Exchange Act of 1934 for failing to disclose, during the Class
Period, that production for Petroleos Mexicanos, one of the
Company's largest customers, was in decline. The complaint further
alleges that Key Energy's business in Russia violated the Foreign Corrupt Practices
Act. On July 17, 2014, the
Company announced a $30-$35 million
pre-tax charge for goodwill and other asset impairments related to
its operations in Russia. As a
result, Key Energy shares declined significantly.
If you suffered a loss in Key Energy you have until October 14, 2014 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/key-energy-keg.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP