NEW ORLEANS, LA -- (Marketwired) -- 04/19/13 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 21, 2013 to file lead plaintiff applications in a securities class action lawsuit against Harvest Natural Resources Inc. (NYSE: HNR), if they purchased the Company's securities during the period between May 7, 2010 and March 18, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of Texas.
What You May Do
If you purchased shares of Harvest Natural and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Partner, Melinda Nicholson at email@example.com or toll free at 1-877-515-1850. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 21, 2013.
About the Lawsuit
Harvest Natural and certain of its executives are charged with issuing materially false and misleading statements regarding the Company's revenues and operations, during the Class Period, in violation of federal securities laws.
These false statements and omissions included, in part, the following: (i) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (ii) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (iii) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (iv) the Company lacked adequate internal and financial controls; and (v) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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