SOURCE: Kahn Swick & Foti, LLC

April 03, 2012 22:56 ET

INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors With Large Financial Interests of Important Deadline in Class Action Lawsuit Against Hyperdynamics Corp. -- HYD

NEW ORLEANS, LA--(Marketwire - Apr 3, 2012) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 4, 2012 to file lead plaintiff applications in a securities class action lawsuit against Hyperdynamics Corporation ("Hyperdynamics" or the "Company") (NYSE: HDY), if they purchased the Company's securities between February 17, 2011 and February 15, 2012, inclusive (the "Class Period"). The action is pending in the United States District Court for the Southern District of Texas.

What You May Do

If you purchased shares of Groupon and would like to discuss your legal rights and how this case might affect you and your right to recover economic losses, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff, you must apply to the Court by June 4, 2012.

About the Lawsuit
Hyperdynamics and certain of its senior executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws.

On February 15, 2012, shares of Hyperdynamics stock decline precipitously, falling almost 30% per share, after the Company announced disappointing results for its Sabu-1 exploration well. This revelation was in stark contrast to the positive statements that the Company had made during the class period, as to the purported success of this property.

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.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    877-515-1850
    or after hours via cell phone 504-301-7900
    lewis.kahn@ksfcounsel.com
    206 Covington St.
    Madisonville, LA 70447