Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class
Action Lawsuit Against Harvest Natural Resources Inc.
LOS ANGELES -- April 20, 2013
The Law Offices of Todd M. Garber announces that investors of Harvest Natural
Resources Inc. (“Harvest” or the “Company”) (NYSE:HNR) have until May 21, 2013
to move the Court to serve as lead plaintiff in the securities fraud class
action lawsuit filed in the United States District Court for the Southern
District of Texas. The lawsuit was filed on behalf of a class (the “Class”)
comprising all purchasers of Harvest securities between May 7, 2010 and March
18, 2013, inclusive (the “Class Period”). 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.
Harvest, an independent energy company, engages in the acquisition,
exploration, development, production and disposition of oil and natural gas
properties. The Complaint specifically alleges that 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. You may retain counsel of your choice or take no action
and remain an absent Class member. If you wish to discuss this action or have
any questions concerning this Notice 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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