NEW YORK, April 12, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the securities of Harvest Natural Resources, Inc. (NYSE:HNR) during the period between May 7, 2010 and March 18, 2013, seeking to recover damages for violations of the federal securities laws.
To join the Harvest Natural class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Timothy Brown, Esq., toll-free, at 866-767-3653; you may also email email@example.com or firstname.lastname@example.org 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 Texas.
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.
The lawsuit claims that Harvest Natural and certain of its officers and directors issued materially false and misleading statements about its revenue and operations. According to the Complaint: (a) Harvest Natural wrongfully capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (2) Harvest Natural wrongfully presented certain cash flow items and caused certain long-lived assets to be impaired; (3) Harvest Natural was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (4) Harvest Natural lacked adequate internal and financial controls; and (5) as a result of the foregoing, Defendants' statements about Harvest Natural were materially false and misleading. The complaint alleges that these misstatements caused investors significant damages.
If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 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 email@example.com. 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. Timothy W. Brown, Esq. Phillip Kim, Esq. Kevin Chan 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 firstname.lastname@example.org email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.comSource: The Rosen Law Firm PA PC