Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Hyperdynamics Corporation
(“Hyperdynamics” or the “Company”) (NYSE:HDY) concerning possible
violations of federal securities laws. The investigation focuses on
certain statements issued by Hyperdynamics concerning the Company’s
operations and financial prospects.
Hyperdynamics is an independent oil and gas exploration company engaged
in the acquisition, exploration and development of oil and gas
properties in the Republic of Guinea, Northwest Africa. The
investigation is related to allegations that Hyperdynamics lacked
adequate internal and financial controls, and that the Company obtained
and retained oil and gas concession rights in violation of the U.S.
Foreign Corrupt Practices Act and/or U.S. anti-money laundering statutes.
On September 30, 3013, the Company disclosed that in September 2013 it
received a subpoena from the United States Department of Justice (DOJ)
requesting that the Company produce documents relating to its business
in Guinea, and that the DOJ investigation concerns whether
“Hyperdynamics’ activities in obtaining and retaining the concession
rights and its relationships with charitable organizations potentially
violate the U.S. Foreign Corrupt Practices Act or U.S. anti-money
laundering statutes.” Then, on March 12, 2014, Hyperdynamics’
exploration partner, Tullow Oil Plc, halted activities in Guinea due to
the DOJ and U.S. Securities and Exchange Commission investigations into
Hyperdynamics' activities related to the concession rights.
If you purchased Hyperdynamics securities between November 8, 2012 and
March 11, 2014, if you have information or would like to learn more
about these claims, or if you have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2014