A settlement was reached in the lawsuit filed on behalf of certain investors in shares of Anadarko Petroleum Corporation (NYSE: APC) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on: November 8, 2014. NYSE: APC investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/07/2014 -- The Shareholders Foundation announces that a deadline is coming up on November 8, 2014 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Anadarko Petroleum Corporation (NYSE: APC) between June 12, 2009 and June 9, 2010.
Investors who purchased a significant amount of shares of Anadarko Petroleum Corporation (NYSE: APC) between June 12, 2009 and June 9, 2010, have certain options and you should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in theAnadarko Petroleum Corporation (NYSE: APC) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/anadarko-petroleum-corporation-nyse-apc-investor-securities-class-action-lawsuit-06232010
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 8, 2014. The class action administrator for this case is AB Data Ltd.
The lawsuit was originally filed in in the U.S. District Court for the Southern District of New York against Anadarko Petroleum Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 12, 2009 and June 9, 2010.
According to the complaint the plaintiff alleges that Anadarko Petroleum Corporation and certain of its officers made between June 12, 2009 and June 9, 2010 a series of materially false and misleading statements related to Anadarko Petroleum Corporation’s business and operations in violation of the Securities Exchange Act of 1934. In particular, plaintiff alleges that Anadarko Petroleum Corporation, 25% owner of the Macondo/Deepwater Horizon well, misled about the safety of the Deepwater Horizon well and downplayed its potential liability in the days after the fatal rig explosion and oil spill. Shares of Anadarko Petroleum Corporation (APC) traded recently at $47.46 per share, down from its 52weekHigh of over $75 per share.
Anadarko Petroleum Corporation, located in The Woodlands, Texas, is an independent oil and gas exploration and production company, with 2.3 billion barrels of oil equivalent of proved reserves as of December 31, 2009. Anadarko Petroleum Corporation reported in 2007 Total Revenue of $16.416billion, in 2008 $15.162billion, and in 2009 $9billion.
Those who purchased shares of Anadarko Petroleum Corporation (NYSE: APC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com