LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Louisiana on behalf of a class (the “Class”) comprising all purchasers of the 11.875% Senior Second Lien Exchange Notes of ATP Oil & Gas Corporation (“ATP” or the “Company”) (OTC Markets: ATPAQ) pursuant and/or traceable to the Company's December 16, 2010 Exchange of the Notes (the “Exchange”). Investors who have losses of $100,000 or more are encouraged to contact the firm for information concerning a lead plaintiff position in the shareholder lawsuit.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (310) 201-9150 OR (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND AMOUNT OF NOTES PURCHASED.
ATP engages in the acquisition, development and production of oil and natural gas properties primarily in the Gulf of Mexico and the United Kingdom sector of the North Sea. The Complaint alleges that the Registration Statement and Prospectus filed with the Securities and Exchange Commission in connection with the Exchange contained false and misleading statements or omitted material facts concerning the Company’s business and financial performance. Specifically, the Complaint alleges that, among other things, ATP downplayed the negative impact on the Company’s business and revenues caused by the U.S. Department of the Interior’s halt of all drilling operations in the Gulf of Mexico following the April 2010 explosion of the Deepwater Horizon drilling rig and resulting oil spill. According the Complaint, on August 17, 2012 ATP filed for Chapter 11 bankruptcy and during the course of the bankruptcy action blamed the government’s halt of drilling operations for the Company’s losses.
If you purchased ATP 11.875% Senior Second Lien Exchange Notes pursuant or traceable to the Exchange and meet certain legal requirements, you may move the Court no later than July 23, 2013 to serve as lead plaintiff. To learn more, or if you have any questions about this Notice or your rights and interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, or at (310) 201-9150, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, Toll Free at (888) 773-9224, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and amount of notes purchased.
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