INVESTOR ALERT: Investigation of Hyperdynamics Corporation Announced by Law
Offices of Howard G. Smith
BENSALEM, Pa. -- March 20, 2014
Law Offices of Howard G. Smith announces that it is investigating potential
claims on behalf of investors of Hyperdynamics Corporation (“Hyperdynamics” or
the “Company”) (NYSE:HDY) concerning possible violations of federal securities
laws. The investigation focuses on certain statements issued by Hyperdynamics
concerning the Company’s operations and financial prospects.
Hyperdynamics is an independent oil and gas exploration company engaged in the
acquisition, exploration and development of oil and gas properties in the
Republic of Guinea, Northwest Africa. The investigation is related to
allegations that Hyperdynamics lacked adequate internal and financial
controls, and that the Company obtained and retained oil and gas concession
rights in violation of the U.S. Foreign Corrupt Practices Act and/or U.S.
anti-money laundering statutes.
On September 30, 3013, the Company disclosed that in September 2013 it
received a subpoena from the United States Department of Justice (DOJ)
requesting that the Company produce documents relating to its business in
Guinea, and that the DOJ investigation concerns whether “Hyperdynamics’
activities in obtaining and retaining the concession rights and its
relationships with charitable organizations potentially violate the U.S.
Foreign Corrupt Practices Act or U.S. anti-money laundering statutes.” Then,
on March 12, 2014, Hyperdynamics’ exploration partner, Tullow Oil Plc, halted
activities in Guinea due to the DOJ and U.S. Securities and Exchange
Commission investigations into Hyperdynamics' activities related to the
If you purchased Hyperdynamics securities between November 8, 2012 and March
11, 2014, if you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to email@example.com, or visit our
website at www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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