The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Penn West Petroleum Ltd. (the “Company”) (NYSE: PWE) arising out of Pen West’s recent admission that its financial statements were not accurate. On July 29, 2014, Penn West Petroleum announced that its Audit Committee is conducting an internal review of certain of the Company’s accounting practices and its decision to restate certain historical financial statements. Currently, the review covers 2014 and the four previous fiscal years. Based on its accounting review thus far, the Company decided to restate the Company's audited annual financial statements for at least the two years ended December 31, 2012 and 2013 and its unaudited interim financial statements for the three months ended March 31, 2014 and 2013 and all related management discussion and analyses. On this news, the price of Penn West Petroleum shares fell sharply in intraday trading on July 30, 2014, damaging investors. The Rosen Law Firm is preparing a class action lawsuit on behalf of Penn West Petroleum investors. If you purchased Penn West Petroleum securities prior to July 30, 2014, you may visit the website at http://rosenlegal.com/cases-320.html to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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