EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against Key Energy Services, Inc.

NEW YORK--()--The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Key Energy Services, Inc. (NYSE:KEG) in connection with allegations that it may have violated the Foreign Corrupt Practices Act.

On January 6, 2014, Key Energy Services announced that one of its largest customers, Mexico State-owned oil giant Petroleos Mexicanos or "PEMEX", is conducting an audit of Key Energy Services' aggregate billings of $372 million under its contracts with PEMEX.

On May 6, 2014, the Company announced that "[t]he U.S. Securities and Exchange Commission has advised us that it is investigating possible violations of the U.S. Foreign Corrupt Practices Act involving business activities of Key's operations in Russia." On July 17, 2014, the Company announced that it expects to report a second quarter loss in the range of $0.35 to $0.38 per share and will record a $30 million to $35 million pre-tax charge for goodwill and other assets impairments related to its operations in Russia. Additionally, Key Energy Services incurred pre-tax expenses of $5 million in connection with the Foreign Corrupt Practices Act investigations.

The Rosen Law Firm is preparing a class action lawsuit on behalf of Key Energy Services investors. If you purchased Key Energy Services securities prior to July 18, 2014, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Release Summary

Rosen Law Firm Representing Key Energy Shareholders in Securities Fraud Class Action - KEG

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Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com