UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Magnum Hun

Before you go, we thought you'd like these...
Before you go close icon

UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Magnum Hunter Resources of Class Action Lawsuit and the Deadline of June 24, 2013 to Seek a Lead Plaintiff Position

NEW YORK--(BUSINESS WIRE)-- 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 Magnum Hunter Resources Corporation ("Magnum Hunter" or the "Company") (NYS: MHR) stock between January 17, 2012 through April 22, 2013.

For more information, click here:http://zlk.9nl.com/magnum-hunter-resources-mhr/.


The complaint alleges that during the Class Period, Magnum Hunter made false and/or misleading statements and/or failed to disclose: (a) that the Company had material weaknesses in its valuation of its oil and gas properties, its calculation of oil and gas reserves, and in its position with respect to certain tax matters, the Company's accounting of its acquisition of NGAS Resources, Inc., and the Company's compliance with certain debt covenants; (b) that, as a result, Magnum Hunter lacked adequate internal and financial controls; and (c) that as a result of the aforementioned, the Company's financial statements were materially false and misleading at all relevant times.

If you suffered a loss in Magnum Hunter you have until June 24, 2013to 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 jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/magnum-hunter-resources-mhr/.

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.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Magnum Hunter Resources of Class Action Lawsuit and the Deadline of June 24, 2013 to Seek a Lead Plaintiff Position originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners