A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Delta Petroleum Corporation (OTC: DPTRQ) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on March 31, 2016 and OTC: DPTRQ investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/22/2016 -- The Shareholders Foundation announced that a deadline is coming up on March 31, 2016 in the settlement reached in the securities class action lawsuit filed for shareholders who purchased shares of Delta Petroleum Corporation (OTC: DPTRQ) between March 11, 2010 and November 9, 2011.
Investors who purchased a significant amount of shares of Delta Petroleum Corporation (OTC: DPTRQ) between March 11, 2010 and November 9, 2011, have certain options and 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 the Delta Petroleum Corporation (OTC: DPTRQ) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/delta-petroleum-corporation-otc-dptrq-investor-securities-class-action-lawsuit-04182012
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 March 31, 2016. The class action administrator for this case is Heffler Claims Group.
The lawsuit was originally filed in the U.S. District Court for the District of Colorado against certain directors and officers of Delta Petroleum Corporation over alleged violations of Federal Securities Laws in connection with certain financial statements prior to the bankruptcy. According to the complaint the plaintiff alleges on behalf of purchasers of Delta Petroleum Corporation (OTC: DPTRQ) publicly traded securities during the period between November 9, 2010 and November 9, 2011, that certain of Delta Petroleum Corporation's officers and directors violated the Securities Exchange Act of 1934.
Specifically the plaintiff claims that between November 9, 2010 and November 9, 2011, defendants issued allegedly materially false and misleading statements regarding Delta Petroleum Corporation's business and financial results and as a result of defendants' statements, Delta Petroleum Corporation's stock traded at artificially inflated reaching a high of $11.70 per share on February 28, 2011.
Those who purchased shares of Delta Petroleum Corporation (OTC: DPTRQ) 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