Press release
Investigation announced for Long-Term Investors in Apache Corporation (NASDAQ: APA) concerning potential Wrongdoing
An investigation on behalf of investors in Apache Corporation (NASDAQ: APA) shares over potential wrongdoing at Apache Corporation
Investors who purchased shares of Apache Corporation (NASDAQ: APA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Apache Corporation (NASDAQ: APA officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 23, 2021, a lawsuit was filed against Apache Corporation over alleged Securities Laws Violations. The plaintiff alleged that the defendants failed to disclose to investors that Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High, that Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported, that these misleading statements and omissions artificially inflated the value of Apache's operations in the Permian Basin, and that as a result, Apache's public statements were materially false and misleading at all relevant times.
On December 17, 2021, a consolidated complaint was filed and on February 15, 2022, the defendants filed their motion to dismiss.
On September 26, 2022, U.S. Magistrate Judge Andrew M. Edison of the Southern District of Texas denied the defendant's motion to dismiss the lawsuit.
Those who purchased shares of Apache Corporation (NASDAQ: APA) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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