NEW YORK--(BUSINESS WIRE)--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 ("Anadarko Petroleum") (NYSE:APC) securities between February 17, 2016 and May 2, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sa/anadarko-petroleum-corporation?wire=2. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (i) Anadarko’s maintenance and safety protocols in respect to certain of its vertical wells were inadequate; (ii) due to the foregoing shortcomings, these wells were at an increased risk of explosion; and (iii) that as a result of the foregoing, Anadarko’s public statements were materially false and misleading at all relevant times.
On April 17, 2017, an explosion near an Anadarko well killed two and critically injured another person. Then on April 26, 2017, it was reported that Anadarko would shut down 3,000 vertical wells in Colorado following this explosion. Then on May 2, 2017, it was announced that the explosion was linked to a faulty gas line connected to an old well owned by Anadarko.
If you suffered a loss in Anadarko Petroleum you have until July 3, 2017 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. To obtain additional information, contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sa/anadarko-petroleum-corporation?wire=2.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.