Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Harvest Natural Resources Inc.
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Harvest Natural Resources Inc. Business Wire 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 properties. 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 email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Law Offices of Todd M. Garber Todd M. Garber, Attorney at Law Los Angeles, California 213-700-7262 firstname.lastname@example.org