INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead
Plaintiff Deadline in the Class Action Lawsuit Against Hyperdynamics
LOS ANGELES -- May 6, 2014
Glancy Binkow & Goldberg LLP reminds investors of Hyperdynamics Corporation
(“Hyperdynamics” or the “Company”) (NYSE:HDY) that all purchasers of
Hyperdynamics securities between November 8, 2012 and March 11, 2014,
inclusive (the “Class Period”), have until May 12, 2014, to file a motion to
be appointed as lead plaintiff in the shareholder lawsuit.
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 related 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 are a member of the Class described above, you may move the Court no
later than May 12, 2014, to serve as lead plaintiff; however, you must 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 or have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Michael Goldberg,
Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite
2920, New York, New York 10168, at (212) 682-5340, by e-mail to
firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Michael Goldberg, 888-773-9224
Gregory Linkh, 212-682-5340
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