Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit
Has Been Filed Against Harvest Natural Resources Inc. -- HNR
NEW YORK, March 29, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston
announces that a class action lawsuit has been filed in the United States
District Court for the Southern District of Texas on behalf of purchasers of
Harvest Natural Resources Inc. ("Harvest" or the "Company") (NYSE:HNR) between
May 7, 2010 and March 18, 2013, seeking remedies under the federal securities
The Complaint alleges that Defendants issued false and misleading statements
regarding the Company's financial performance and prospects. Specifically, the
Complaint alleges that Defendants misrepresented or failed to disclose that:
(i) the Company incorrectly capitalized certain lease maintenance costs and
certain internal selling, general and administrative costs; (ii) the Company
improperly presented certain cash flow items and caused certain long-lived
assets to be impaired; (iii) the Company was unable to sell its interests in
Petrodelta S.A. to PT Pertamina; (iv) the Company lacked adequate internal and
financial controls; and (v) as a result of the foregoing, the Company's
statements were materially false and misleading during the Class Period.
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 Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
firstname.lastname@example.org or email@example.com.
Attorney Advertising -- Prior results do not guarantee or predict a similar
outcome with respect to any future matter. Please visit our website at
http://www.gme-law.com for more information about the firm.
CONTACT: Gainey McKenna & Egleston
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