SOURCE: Rosen Law Firm PA

September 12, 2008 19:11 ET

The Rosen Law Firm Files Securities Class Action Charging Quest Resource Corporation With Violations of the Federal Securities Laws -- QRCP

NEW YORK, NY--(Marketwire - September 12, 2008) - The Rosen Law Firm announced that it has filed a class action lawsuit on behalf of all purchasers of Quest Resource Corporation ("Quest Resource") (NASDAQ: QRCP) stock from May 2, 2005 through August 25, 2008 (the "Class Period").

To join the Quest Resource class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.

The case is pending in the United States District Court for the Western District of Oklahoma. You can obtain a copy of the complaint from the clerk of court or you may contact counsel for plaintiffs Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER.

The complaint charges Quest Resource and certain former and present officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by virtue of Quest Resource's failure to properly disclose related party transactions between Quest Resource and its former CEO Jerry Cash. On August 25, 2008 Quest Resource announced that Jerry Cash had resigned following an inquiry by the Oklahoma Department of Securities in connection with questionable transfers of funds between Quest and an entity controlled by Mr. Cash. Quest Resource also announced that it had constituted a special committee to conduct an internal investigation. As a result of these adverse disclosures, the price of Quest Resource shares dropped, damaging investors.

A class action lawsuit has already been filed on behalf of Quest Resource shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than November 11, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm has extensive experience in securities litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation in securities class actions.

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