Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom 
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries” 
Eli Lilly in Talks to Acquire Kelonia Therapeutics for Over $2 Billion 
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting 
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic 
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO 
Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank 
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus 
How Technology Is Reshaping Modern Business: From Operations to Customer Experience 
Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook 
Ethiopian Airlines Expands Fleet with New Boeing 787 Dreamliner Order to Boost Global Routes 
LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal 
IRVINE, Calif., May 25, 2017 -- Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Anadarko Petroleum Corporation (“Anadarko” or the “Company”) (NYSE:APC). Investors who purchased or otherwise acquired shares between February 17, 2016 and May 2, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the July 3, 2017 lead plaintiff motion deadline.
If you purchased Anadarko shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, during the Class Period, Anadarko made false and misleading statements and/or failed to disclose: that the Company’s maintenance and safety protocols concerning some of its vertical wells were inadequate; that due to those shortcomings, these wells were at an increased risk of explosion; and that as a result of the above, Anadarko’s public statements were materially false and misleading at all relevant times. On April 17, 2017, a deadly explosion killed two people and critically injured another in a home located within 170 feet of an Anadarko well. On April 26, 2017, The Denver Post reported that the Company “plans to shut down 3,000 vertical wells in northeastern Colorado” following the April 17 explosion. On May 2, 2017, the Frederick-Firestone Fire Protection District concluded that the fatal home explosion on April 17 was linked to a faulty gas line connected to an Anadarko well. When this information was released, Anadarko’s stock price lowered materially, which caused investors harm.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
