Houston American Energy Corp. Lawsuit Deadline of June 26, 2012, Announced by Shareholder Rights Firm Gilman Law LLP
(firmenpresse) - NAPLES, FL -- (Marketwire) -- 05/01/12 -- The Leading National Securities Law Firm announces that a Securities Fraud Lawsuit has commenced in the United States District Court for the Southern District of Texas against (Case 12-01332). The lawsuit alleges that Houston American (NYSE Amex: HUSA) and its executives issued materially false and misleading statements to investors as well as omitted pertinent information, thereby violating the Securities Exchange Act of 1934.
If you purchased or otherwise acquired shares of Houston American common stock between March 29, 2010, and April 18, 2012 (the "class period"), you are encouraged to contact Gilman Law . Investors may contact Ken Gilman, the managing partner of Gilman Law LLP, at (239) 221-8301 or by email at for a Free Evaluation of your case. Investors may also visit our website to learn more about the .
Houston American explores for and produces natural oil and gas in the United States and South America. On March 1, 2012, the Company announced delays in drilling its Tamandua#1 well and claimed that further analysis of the well's C7 and C9 formations would be announced as soon as they were available. On this news, Houston American securities plummeted $3.84 per share or more than 35%, to close at $7.00 per share on March 1, 2012. On April 19, 2012, Houston American announced that it would be ceasing the exploration of its Tamandua well and was being investigated by the SEC to determine whether there have been any violations of the federal securities laws.
The have over 33 years of experience in securities law and have been involved in all major aspects of securities litigation. Our securities lawyers focus on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.
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Gilman Law LLP
Bonita Springs, Florida
Kenneth G. Gilman
(239) 221-8301
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Datum: 01.05.2012 - 22:19 Uhr
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News-ID 141457
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