The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Anadarko Petroleum Corp. Shareholders & a Lead Plai...
June 06 2017 - 11:43AM
Business Wire
The Klein Law Firm announces that a class action complaint has
been filed on behalf of shareholders of Anadarko Petroleum
Corporation (NYSE: APC) who purchased shares between February 17, 2016 and May 2,
2017. The action, which was filed in the United States
District Court for the Southern District of Texas, alleges that the
Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class
Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (i) Anadarko’s
maintenance and safety protocols in respect to certain of its
vertical wells were inadequate; (ii) due to the foregoing
shortcomings, these wells were at an increased risk of explosion;
and (iii) that as a result of the foregoing, Anadarko’s public
statements were materially false and misleading at all relevant
times. On April 17, 2017, an explosion near an Anadarko well killed
two and critically injured another person. Then on April 26, 2017,
it was reported that Anadarko would shut down 3,000 vertical wells
in Colorado following this explosion. Then on May 2, 2017, it was
announced that the explosion was linked to a faulty gas line
connected to an old well owned by Anadarko.
Shareholders have until July 3, 2017 to petition the
court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may
choose to be an absent class member.
If you suffered a loss during the class period and wish to
obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/anadarko-petroleum-corporation?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170606006261/en/
The Klein Law FirmJoseph Klein, Esq.Telephone: 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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