Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Harvest
Natural Resources Inc.
LOS ANGELES -- April 12, 2013
The Law Offices of Todd M. Garber announces that a class action lawsuit has
been filed in the United States District Court for the Southern District of
Texas on behalf of a class (the “Class”) comprising all purchasers of the
securities of Harvest Natural Resources Inc. (“Harvest” or the “Company”)
(NYSE:HNR) between May 7, 2010 and March 18, 2013, inclusive (the “Class
Period”). Harvest, an independent energy company, engages in the acquisition,
exploration, development, production and disposition of oil and natural gas
The Complaint alleges that throughout the Class Period defendants made false
and/or misleading statements or failed to disclose material adverse facts
about the Company's financial performance and prospects. Specifically,
defendants misrepresented or failed to disclose that: (1) the Company
incorrectly capitalized certain lease maintenance costs and certain internal
selling, general and administrative costs; (2) the Company improperly
presented certain cash flow items and caused certain long-lived assets to be
impaired; (3) the Company was unable to sell its interests in Petrodelta S.A.
to PT Pertamina (Persero); (4) the Company lacked adequate internal and
financial controls; and (5) as a result of the foregoing, the Company's
statements were materially false and misleading at all relevant times.
If you are a member of the above-described Class, you may move the Court no
later than May 21, 2013 to serve as lead plaintiff; however, you must meet
certain legal requirements. To be a member of the Class you need not take any
action at this time, or you may retain counsel of your choice. If you have
information or would like to learn more about these claims, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Todd M. Garber, Esquire, of the Law
Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
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