HARVEST NATURAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn
Swick & Foti, LLC Reminds Investors With Losses in
Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit
Against Harvest Natural Resources Inc. -- HNR
NEW ORLEANS, LA -- (Marketwired) -- 04/19/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until May 21, 2013 to file lead plaintiff applications in a
securities class action lawsuit against Harvest Natural Resources
Inc. (NYSE: HNR), if they purchased the Company's securities during
the period between May 7, 2010 and March 18, 2013, inclusive (the
"Class Period"). This action is pending in the United States District
Court for the Southern District of Texas.
What You May Do
If you purchased shares of Harvest Natural and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, e-mail or call KSF Partner, Melinda Nicholson at
email@example.com or toll free at 1-877-515-1850. If
you wish to serve as a lead plaintiff in this class action, you must
petition the Court by May 21, 2013.
About the Lawsuit
Harvest Natural and certain of its executives are charged with
issuing materially false and misleading statements regarding the
Company's revenues and operations, during the Class Period, in
violation of federal securities laws.
These false statements and omissions included, in part, the
following: (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 (Persero); (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 at all
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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