The Rosen Law Firm Files Class Action Against Houston American Energy Corp. --
NEW YORK, May 12, 2012 (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 Houston American Energy Corp. (NYSE Amex:HUSA)
between March 29, 2010 and April 18, 2012.
To join the Houston American class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Laurence Rosen, Esq.,
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 Complaint asserts violations of the federal securities laws against
Houston American for failing to adequately disclose problems with its Tamandua
#1 well, and the well's C7 and C9 formations. Namely, that the Company failed
to disclose that: (i) the continued investment in testing and completing the
C7 and C9 formations in Tamandua #1 well was unproductive and not commercially
viable; (ii) the Company lacked adequate internal and financial controls; and
(iii) as a result of the foregoing, the Company's statements were materially
false and misleading at all relevant times.
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.
If you wish to serve as lead plaintiff, you must move the Court no later than
June 26, 2012. 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://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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