SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against HYPERDYNAMICS CORPORATION & Its Board of ...
March 20 2014 - 6:36PM
Marketwired
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of
Class Action Against HYPERDYNAMICS CORPORATION and Its Board of
Directors and a Lead Plaintiff Deadline of May 12, 2014 -- HDY
NEW YORK, NY--(Marketwired - Mar 20, 2014) - March 20,
2014 - 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
Hyperdynamics Corporation ("Hyperdynamics" or the "Company") (NYSE:
HDY) securities between November 8, 2012 and March 11, 2014.
Click here to learn more: http://zlk.9nl.com/hyperdynamics or
call: 877-363-5972. There
is no cost or obligation to you.
The complaint alleges that during the Class Period defendants
failed to disclose material information and/or made false and/or
misleading statements regarding the Company's business, operations,
and prospects.
On September 30, 2013, shares of Hyperdynamics fell after the
company announced that it had received a subpoena from the
Department of Justice ("DOJ") requesting that the company produce
documents relating to its business in Guinea. Then in its Form 10-Q
for the quarter ended December 31, 2013, the Company disclosed that
it had received a subpoena from the Securities and Exchange
Commission relating to the acquisition. Then on March 12, 2014
Tullow Oil announced that the investigations constitute a "force
majeure" under its agreement with Hyperdynamics, thereby allowing
Tullow to suspend plans to begin drilling at the Concession until
the investigations are resolved. Upon this news, shares of
Hyperdynamics stock fell over 58 percent.
If you suffered a loss in Hyperdynamics you have until May 12,
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/hyperdynamics.
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. For
more information, please feel free to contact any of the attorneys
listed below. 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