NEW YORK, Sept. 20, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds purchasers of PetroChina Co. Ltd. (NYSE:PTR) securities during the period from April 26, 2012 to August 27, 2013 (the "Class Period"), of the important November 4, 2013 class action deadline.
To join the PetroChina class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action. The lawsuit filed by the firm is pending in the U.S. District Court for the Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, PetroChina issued materially false and misleading statements about the Company's business and operations. The complaint alleges that: (a) the Company's senior officials were not in compliance with the Company's corporate governance directives and code of ethics; (b) as a result, the Company was subject to investigation and disciplinary action by various governmental and regulatory authorities; (c) the Company's financial statements were materially false and misleading as they contained direct references to the Company's Code of Ethics, and statements regarding its compliance with regulations and internal governance policies; (d) the Company lacked adequate internal and financial controls; and (e) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times. As result, the lawsuit claims that PetroChina shares declined in value, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than November 4, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence M. Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.comSource: The Rosen Law Firm PA PC