NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Penn West Petroleum Ltd. (“PennWest” or the “Company”) (NYSE:PWE) securities during the expanded Class Period of February 17, 2011 and July 29, 2014.
For more information, click here: http://zlk.9nl.com/penn-west-petroleum-pwe.
The complaint alleges that Penn West failed to disclose that the Company was understating operating costs and overstating capital expenditures and royalty expenses and that the Company was at risk of non-compliance with certain of its debt covenants.
If you suffered a loss in Penn West you have until October 3, 2014 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 Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/penn-west-petroleum-pwe.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.