INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Aga...
May 06 2014 - 9:32AM
Business Wire
Glancy Binkow & Goldberg LLP reminds investors of
Hyperdynamics Corporation (“Hyperdynamics” or the “Company”)
(NYSE: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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLPLos AngelesMichael Goldberg,
888-773-9224orNew YorkGregory Linkh, 212-682-5340shareholders@glancylaw.comwww.glancylaw.com