DALLAS, March 21, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating officers and directors of HyperDynamics Corporation (NYSE: HDY) for violating shareholder protection laws by allegedly issuing materially false and misleading statements, designed to deceive the market and artificially inflate the company's stock price. Concerned HDY investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or firstname.lastname@example.org about their rights and remedies. "On a September 7, 2011 conference call, CEO Ray Leonard expressed confidence to shareholders about drilling operations off the coast of Guinea, but by November 8, 2011, the company revealed a net loss of $4.38 million at the end of the third quarter, which is 52% above the prior year's losses for that same period," said Hamilton Lindley. "Our proposed shareholder lawsuit seeks to ensure the proper controls are placed and that accurate information is disclosed to investors of the company." Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. HDY stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at email@example.com or 877-583-2855 with questions or concerns. Hamilton Lindley Goldfarb LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number www.goldfarbllp.com SOURCE Goldfarb LLP
After enjoying triple-digit percentage gains over Monday, Hyperdynamics (HDY) stock is slipping lower. The oil and gas explorer exploded earlier in the week on news its drilling partner Tullow Oil had lifted a force majeure on a joint project in Guinea.