SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation
of Harvest Natural Resources, Inc. - HNR
BALA CYNWYD, Pa., Sept. 20, 2013
BALA CYNWYD, Pa., Sept. 20, 2013 /PRNewswire/ --Law office of Brodsky &
Smith, LLC announces that it is investigating potential claims against the
Board of Directors of Harvest Natural Resources, Inc. ("Harvest Natural" or
the "Company") (NYSE: HNR) relating to the proposed acquisition by Pluspetrol
Venezuela S.A. ("Pluspetrol").
Click here to learn more about the investigation
http://brodsky-smith.com/645-hnr-harvest-natural-resources-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
It has been reported that Harvest Natural has entered into exclusive talks to
sell its outstanding shares to Pluspetrol for consideration of approximately
$373 million. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of Harvest Natural
for not acting in the Company's shareholders' best interests in connection
with the sale process. The transaction may undervalue the Company as Harvest
Natural stock traded at $10.25 per share on January 4, 2013 and the Company's
global exploration portfolio is positive with its principal operations in
Venezuela and Russia.
In addition, the investigation seeks to determine if the Board of Directors
actions or inactions may have led to Harvest Natural's previous announcement
that it intended to file amendments/restatements for the quarters ended March
31, 2012, June 30, 2012 and September 30, 2012.
If you own shares of Harvest Natural common stock and wish to discuss the
legal ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
email@example.com, by visiting
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case action
lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous
courts throughout the country to serve as lead counsel in class actions and
successfully recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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