SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors With Losses on
Their Investment in Harvest Natural Resources, Inc. of
Class Action Lawsuit and the Deadline of May 21, 2013 to Seek a Lead
NEW YORK, NY -- (Marketwired) -- 04/23/13 -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Southern District of Texas on
behalf of investors who purchased Harvest Natural Resources, Inc.
("Harvest" or the "Company") (NYSE: HNR) stock between May 7, 2010
and March 18, 2013.
Click here to learn more about the investigation
http://zlk.9nl.com/harvest-natural-resources/, or call: 877-363-5972.
There is no cost or obligation to you.
The complaint alleges that the defendants issued materially false and
misleading statements and/or failed to disclose that the Company: (a)
incorrectly capitalized lease maintenance costs and internal selling,
general and administrative costs; (b) improperly reported cash flow
items and caused long-lived assets to be impaired; (c) was unable to
sell its interests in Petrodelta S.A. to PT Pertamina (Persero); and
(d) lacked adequate internal and financial controls.
On March 19, 2013, Harvest disclosed that there were errors in its
financial statements and that certain material weaknesses existed in
its controls over the accuracy and presentation of its accounting for
certain assets. As a result of these errors, the Company announced it
would revise its financial statements for periods in 2010, 2011 and
2012. On this news, Harvest securities plummeted more than 32%, to
close at $3.70 per share on March 19, 2013.
If you suffered a loss in Harvest you have until May 21, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at firstname.lastname@example.org or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Press spacebar to pause and continue. Press esc to stop.