ALBUQUERQUE, N.M.–(BUSINESS WIRE) –July 25, 2013–
The Law Offices of Nicholas Koluncich III, LLC is investigating possible breaches of fiduciary duty or securities fraud by the Board of Directors of Harvest Natural Resources, Inc. (“HNR” “Harvest Natural”), revelation of which resulted in a massive decline in share price in between February and May of 2013 from which it has yet to fully recover. Harvest Natural, in its Amendment of Form 10-Q/A, filed with the Securities Exchange Commission on November 9, 2012 “amend[ed] and restat[ed] the Company’s previously issued consolidated condensed financial statements.” That 10Q/A reported warrants issued in 2010 as equity rather than as a liability. HNR went on to announce further accounting issues, a change of its accountants and the termination of a significant prospective contract.
HNR shareholders bore the brunt of the bad news, noting a dramatic decline in the share value from the announcements. The NYSE reported a value as low as $2.45 per share, down from over $9.00 per share merely weeks earlier. Interested Harvest Natural shareholders may wish to contact us here: nkoluncich@newmexicoclassactions.com.
For a more detailed explanation as to what the lawsuit means to current shareholders, please feel free to contact us. Individuals having information about this company or its directors and officers are asked to contact The Law Offices of Nicholas Koluncich III, LLC. Former employees are particularly encouraged to contact us.
If you own HNR shares or have any questions concerning your rights and interests with regard to this matter, please contact The Law Offices of Nicholas Koluncich III, LLC. Initial consultation is free of charge and all information shall be treated as privileged and confidential. Although no success in litigation is ever assured, as a long term HNR shareholder, you may be eligible for some form of financial recovery.
The Law Offices of Nicholas Koluncich III, LLC
6501 Americas Parkway NE
One Park Square – Suite 820
Albuquerque, NM 87110
(505) 881-2228
FAX (505) 881-4288
nkoluncich@newmexicoclassactions.com
The Law Offices of Nicholas Koluncich III, LLC has been representing individual and institutional investors for over a decade, and served as counsel in numerous cases in U.S. federal and state courts.
Contact:
The Law Offices of Nicholas Koluncich III, LLC
Nicholas Koluncich, 505-881-2228
FAX: 505-881-4288