Investor Alert: Holzer Holzer & Fistel, LLC Advises Investors of Upcoming Deadlines in Shareholder Litigation Involving Unitek Global Services, Inc. and Magnum Hunter Resources Corporation
(firmenpresse) - ATLANTA, GA -- (Marketwired) -- 05/14/13 -- Holzer Holzer & Fistel LLC reminds investors of upcoming deadlines for applications to serve as lead plaintiff in securities class action lawsuits against UniTek Global Service, Inc. (UNTK) and Magnum Hunter Resources Corporation (MHR).
Investors that suffered significant losses investing in either of these companies during the specified times who are interested in potentially serving as lead plaintiff in the respective class actions are encouraged to contact Michael I. Fistel, Jr., Esq. () or Marshall P. Dees, Esq. () by email or via toll-free telephone at (888) 508-6832 to discuss their legal rights.
A lead plaintiff is a representative party appointed by the court to act on behalf of other class members in directing the litigation. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
A class action lawsuit has been filed on behalf of investors who purchased UniTek (NASDAQ: UNTK) common stock between May 18, 2011 and April 12, 2013, inclusive, alleging the company violated the federal securities laws by, among other things, improperly recognizing revenue from its subsidiary, Pinnacle Wireless. According to the complaint, UniTek's financial statements issued during that time were false and misleading as a result.
The deadline to seek appointment as lead plaintiff in this lawsuit, which is pending in the United States District Court for the Eastern District of Pennsylvania, is June 18, 2013. More information about the lawsuit and the firm are available at .
A class action lawsuit has been filed on behalf of investors who purchased Magnum Hunter (NYSE: MHR) common stock between January 17, 2012 and April 22, 2013, inclusive. The complaint alleges that Magnum Hunter issued financial statements during that time that improperly valued the Company's oil and gas properties. On April 16, 2013, Magnum Hunter disclosed that it had fired PricewaterhouseCoopers LLP as its auditor after PwC concluded the Company had material weaknesses in its internal controls.
The deadline to seek appointment as lead plaintiff in this lawsuit, which is pending in the United States District Court for the Southern District of New York, is June 24, 2013. More information about the lawsuit and the firm are available at .
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content
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Datum: 14.05.2013 - 18:20 Uhr
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News-ID 259938
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