The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Anadarko Petroleum Corporation (NYSE: APC) securities between February 20, 2015 and May 2, 2017.
Prior to the Company's acquisition by Occidental Petroleum Corporation ("Occidental") (NYSE: OXY), Anadarko common stock traded on the New York Stock Exchange under the ticker symbol "APC".
According to the Anadarko lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the value of the Shenandoah assets and the success of the Shenandoah appraisal wells were overstated; (2) the Company lacked effective internal control over financial reporting; and (3) as a result of the foregoing, Defendants’ statements about the Company’s Shenandoah assets lacked a reasonable basis.
If you suffered a loss in Anadarko you have until April 20, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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