The Rosen Law Firm Reminds Investors of Important Deadline in Houston American Energy Corp. Class Action -- HUSA
Published on Friday, 15 June 2012 23:22 Written by TradersHuddle Staff
NEW YORK, June 15, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important June 26, 2012 lead plaintiff deadline in the class action lawsuit the firm filed on behalf of investors who purchased the securities of Houston American Energy Corp. (NYSE Amex:HUSA) between March 29, 2010 and April 18, 2012.
The Complaint asserts violations of the federal securities laws against Houston American for failing to adequately disclose problems with its Tamandua #1 well, and the well's C7 and C9 formations. Namely, that the Company failed to disclose that: (i) the continued investment in testing and completing the C7 and C9 formations in Tamandua #1 well was unproductive and not commercially viable; (ii) the Company lacked adequate internal and financial controls; and (iii) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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