NEW YORK, Aug. 10, 2013 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at ATP Oil & Gas Corporation ("ATP" or the "Company") (OTC: ATPAQ).
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The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether ATP made false and misleading statements and/or omissions regarding: (i) the negative impact the U.S. Department of Interior moratoria had on ATP's business; (ii) the Company's violations of certain credit agreement provisions; and (iii) the financial condition of ATP.
On August 17, 2012, the Company announced that it was filing for Chapter 11 bankruptcy. Following this news, the stock dropped to $0.30, a loss of $20.05 or over 98% from the class period high.
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Take Action
If you invested in ATP stock, bonds or options between December 16, 2010 and August 17, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/ATPAQ. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comor fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding ATP's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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