INVESTOR ALERT: Class Action Lawsuit Against Hyperdynamics Corporation Announced by Law Offices of Howard G. Smith

  INVESTOR ALERT: Class Action Lawsuit Against Hyperdynamics Corporation
  Announced by Law Offices of Howard G. Smith

Business Wire

BENSALEM, Pa. -- April 3, 2014

Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of Texas
on behalf of all purchasers of the securities of Hyperdynamics Corporation
(“Hyperdynamics” or the “Company”) (NYSE:HDY) between November 8, 2012 and
March 11, 2014, inclusive (the “Class Period”).

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 Complaint alleges that during the
Class Period defendants made false and/or misleading statements or failed to
disclose material adverse facts, including that Hyperdynamics lacked adequate
internal and financial controls, and 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
concession rights.

If you are a member of the Class described above, you have until May 12, 2014,
to move the Court to serve as lead plaintiff, if you 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 member of the Class. If you wish to learn more about this action,
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
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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