WAYNE, Pa., March 14, 2014 /PRNewswire/ -- Ryan &
Maniskas, LLP announces that it is investigating potential claims
against Hyperdynamics Corporation ("Hyperdynamics" or the
"Company") (NYSE: HDY) on behalf of investors of Hyperdynamics who
purchased shares of the Company between November 8, 2012 and March
11, 2014.
If you purchased shares of Hyperdynamics and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/hdy. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
The investigation concerns whether Hyperdynamics and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934. On September 30, 2013, the Company announced that it
received a subpoena from the Department of Justice ("DOJ")
requesting that the company produce documents relating to its
business in Guinea. In 2006, a
Production Sharing Contract was signed by the Company and the
government of Guinea granting
rights to an oil and gas concession offshore Guinea. The Company stated that the DOJ is
investigating whether the Company's activities in obtaining and
retaining the concession rights and its relationships with
charitable organizations potentially violate the U.S. Foreign
Corrupt Practices Act or U.S. anti-money laundering statutes.
On March 12, 2014, the Company
announced that Tullow Oil Plc, a company that was partnering with
Hyperdynamics, had suspended work at a Guinea project as a result of the DOJ
investigation. On this news, the Company's stock fell 58%.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT:
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Ryan & Maniskas,
LLP
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Richard A. Maniskas,
Esquire
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995 Old Eagle School
Rd., Suite 311
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Wayne, PA
19087
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484-588-5516
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877-316-3218
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www.rmclasslaw.com/cases/hdy
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP