Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class
Action Lawsuit Against Harvest Natural Resources, Inc.
LOS ANGELES -- April 15, 2013
Glancy Binkow & Goldberg LLP announces that 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”), have
until May 21, 2013 to file a motion with the Court to be appointed as lead
plaintiff. The shareholder lawsuit was filed in the United States District
Court for the Southern District of Texas.
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 purchased Harvest securities during the Class Period, you have until
May 21, 2013 to move the Court to serve as lead plaintiff; however, you must
meet certain legal requirements. To be a member of the Class you need not take
action at this time; you may retain counsel of your choice or take no action
and remain an absent Class member. To learn more about this action, or if you
have any questions concerning this Notice or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by telephone at 310-201-9150, Toll-Free at 888-773-9224, by
e-mail to email@example.com, or visit our website at
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
310-201-9150 or 888-773-9224
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