The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their
Investment in Delta Petroleum, Inc. of Class Action Lawsuit and the Deadline
of June 18, 2012 to Seek a Lead Plaintiff Position
NEW YORK -- May 11, 2012
Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States District Court for the District of Colorado on behalf of
investors who purchased Delta Petroleum, Inc. (“Delta” or the “Company”)
(PINK: DPTRQ) common stock between November 9, 2010 and November 9, 2011.
For more information, click here: http://zlk.9nl.com/delta-petroleum-dptrq.
There is no cost or obligation to you.
The complaint alleges that Delta’s officers and directors issued materially
false and misleading statements and concealed the following: (a) that the
Company was not adequately reserving for its dry hole costs and impairments in
violation of Generally Accepted Accounting Principles; (b) that Delta’s
unproductive assets would hinder its ability to find a buyer for itself or its
assets, as the value of the Company’s assets was less than the value of its
aggregate debt; (c) that the Company had far greater exposure to liquidity
concerns than it had previously disclosed; and (d) as a result of the
aforementioned, shares of Delta stock traded at artificially inflated prices.
If you suffered a loss in Delta you have until June 18, 2012to 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 (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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