NEW YORK, April 18, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Hyperdynamics Corporation ("Hyperdynamics" or the "Company") (NYSE: HDY).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Hyperdynamics was from suffering numerous cost overruns and delays; (2) the Company had far greater exposure to liquidity concerns than it had previously disclosed; and (3) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's drilling operations or the prospective value of the Company's Gulf of Guinea oil and gas concessions.
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If you purchased Hyperdynamics securities between February 17, 2011 and February 15, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/HDY. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Hyperdynamics' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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