UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against Key Energy Services Inc. & Its Board of Di...
October 03 2014 - 12:07PM
Business Wire
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.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com