Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm,
today informed investors that only 29 days remain before the lead
plaintiff deadline in a lawsuit filed on their behalf against Harvest
Natural Resources, Inc. (NYSE:HNR) ("HNR" or "The Company"). Investors
can contact Hagens Berman Partner Reed Kathrein, who is leading the
firm's investigation, by emailing [email protected]
or calling (510) 725-3000.
HNR investors who purchased stock in the company between May 7, 2010,
and March 19, 2013, inclusive (the "class period") and suffered
significant losses may also contact the firm by visiting http://www.hb-securities.com/investigations/HNR.
Investors who wish to serve as lead plaintiff in the case must move the
court no later than May 21, 2013. Any member of the putative class may
move the Court to serve as lead plaintiff through counsel of their
choice, or may choose to do nothing and remain an absent class member.
On March 19, 2013, HNR announced that due to material weaknesses in its
internal controls, it would be required to revise or restate certain
financial statements during 2010, 2011 and 2012. The company's stock
price fell on the news.
The class-action lawsuit alleges that HNR failed to disclose material
information to investors, including incorrect capitalization of certain
costs and misrepresentation of certain cash flow items, among other
Hagens Berman's investigation centers around what HNR and its executives
knew prior to the March 19 announcement.
Hagens Berman reminds whistleblowers with inside information that
rewards may be available to individuals who report information leading
to a successful enforcement action by the Securities and Exchange
Commission. Under the new SEC whistleblower program, whistleblowers who
provide original information may receive rewards totaling up to 30
percent of any successful recovery made by the SEC.
Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law
firm with offices in 10 cities. The Firm represents investors,
whistleblowers, workers and consumers in complex litigation. More about
the law firm and its successes can be found at www.hbsslaw.com.
The Firm's securities law blog is at http://www.meaningfuldisclosure.com.
Firmani + Associates
Mark Firmani, 206-443-9357