INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Hyperdynamics Corporation
Glancy Binkow & Goldberg LLP 3 hours ago
LOS ANGELES--(BUSINESS WIRE)--
Glancy Binkow & Goldberg LLP reminds investors of Hyperdynamics Corporation (“Hyperdynamics” or the “Company”) ( HDY) that all purchasers of Hyperdynamics securities between November 8, 2012 and March 11, 2014, inclusive (the “Class Period”), have until May 12, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
Hyperdynamics is an independent oil and gas exploration company engaged in the acquisition, exploration and development of oil and gas properties in the Republic of Guinea, Northwest Africa. The Complaint alleges that during the Class Period defendants made false and/or misleading statements or failed to disclose material adverse facts, including that Hyperdynamics lacked adequate internal and financial controls, and the Company obtained and retained oil and gas concession rights in violation of the U.S. Foreign Corrupt Practices Act and/or U.S. anti-money laundering statutes.
On September 30, 3013, the Company disclosed that in September 2013 it received a subpoena from the United States Department of Justice (DOJ) requesting that the Company produce documents related to its business in Guinea, and that the DOJ investigation concerns whether “Hyperdynamics’ activities in obtaining and retaining the concession rights and its relationships with charitable organizations potentially violate the U.S. Foreign Corrupt Practices Act or U.S. anti-money laundering statutes.” Then, on March 12, 2014, Hyperdynamics’ exploration partner, Tullow Oil Plc, halted activities in Guinea due to the DOJ and U.S. Securities and Exchange Commission investigations into Hyperdynamics’ activities related to the concession rights.
If you are a member of the Class described above, you may move the Court no later than May 12, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
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Contact:
Glancy Binkow & Goldberg LLP
Los Angeles
Michael Goldberg, 888-773-9224
or
New York
Gregory Linkh, 212-682-5340
shareholders@glancylaw.com
www.glancylaw.com |
