INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm
March 09, 2020 at 12:57 PM EDT
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Anadarko Petroleum Corporation (“Anadarko” or “the Company”) (NYSE: APC), now a wholly-owned subsidiary of Occidental Petroleum Corporation (“Occidental”) (NYSE: OXY), for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Anadarko’s Shenandoah assets were overvalued and the success of appraisal wells were overstated. The Company failed to maintain appropriate controls over financial reporting. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Anadarko, investors suffered damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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