NEW YORK, NY -- (Marketwire) -- 06/04/12 -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Houston American Energy Corporation ("Houston American" or the "Company") (NYSE MKT: HUSA) (NYSE Amex: HUSA) securities between March 29, 2010 and April 18, 2012 (the "Class Period").
For more information, click here: http://zlk.9nl.com/houston-american-energy. There is no cost or obligation to you.
On March 1, 2012, the Company announced delays in drilling its Tamandua #1 well and claimed that further analysis of the well's C7 and C9 formations would be announced as soon as they became available. On this news, Houston American securities fell more than 35 percent. Then on April 19, 2012, the Company ceased "efforts to test and complete the C7 and C9 formations in the Tamandua #1 sidetrack well due to formation damage while drilling." The Company also disclosed that the Securities and Exchange Commission formalized an investigation of Houston American on March 1, 2011, seeking to determine whether the Company violated federal securities laws. On these revelations, Houston American shares declined $1.24 or more than 35.5%, to close at $2.25 on April 19, 2012.
If you suffered a loss in Houston American, you have until June 26, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/houston-american-energy.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
