NEW YORK, March 14, 2014 (GLOBE NEWSWIRE) -- 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 email@example.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.comSource:Levi & Korsinsky, LLP