New York, New York--(Newsfile Corp. - March 3, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Apache Corporation (NASDAQ: APA) alleging that the Company violated federal securities laws.
Class Period: September 7, 2016 and March 13, 2020
Lead Plaintiff Deadline: April 26, 2021
Learn more about your recoverable losses in APA:
The filed complaint alleges that Apache Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (ii) 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; (iii) these misleading statements and omissions artificially inflated the value of the Company's operations in the Permian Basin; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until April 26, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the APA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75967