NEW YORK, June 8, 2013 /PRNewswire/ --Morgan & Morgan reminds investors of the important June 24, 2013 lead plaintiff deadline in the class actions filed on behalf of all purchasers of the securities of Magnum Hunter Resources Corporation (MHR, MHR-PD, MHR-PE, MHR-PC).
If you purchased Magnum Hunter between January 17, 2012 and April 22, 2013, you may, no later than June 24, 2013, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you purchased Magnum Hunter and want more information about the Magnum Hunter securities fraud class action, please contact George Pressly, Esq. at1 (800) 631-6234or email George at AskGeorge@morgansecuritieslaw.com.
On April 16, 2013, Magnum Hunter disclosed that at the direction of the Audit Committee of the Company's Board of Directors, Magnum Hunter had dismissed its auditor, PricewaterhouseCoopers LLP ("PwC"), after PwC advised the Company of material weaknesses in the Company's internal accounting controls. The complaints allege that as a result of this news and the April 22, 2013 confirmation that PwC had concluded the Company's previously reported financial reports did not fairly or reliably reflect its actual financial results, the price of Magnum Hunter's publicly traded securities declined on high trading volume to close at $2.50 per share.
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