NEW YORK, June 26, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of CAMAC Energy Inc. ("CAMAC" or the "Company") (NYSE MKT: CAK) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.
On June 19, 2014, the management of CAMAC concluded that the Company's financial statements for the first quarter of 2014 contained errors and should no longer be relied upon. The Company has admitted that there was a material weakness in the Company's internal control over financial reporting with respect to certain non-recurring transactions.
Our investigation concerns whether the Company's officers and directors should be liable for the harm to CAMAC. If you own CAMAC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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