Investor Alert: Upcoming Deadlines in Shareholder Litigation Involving The First Marblehead Corp., The Petrochina Company, LTD., and Nuverra Enviromental Solutions, Inc.
ATLANTA, GA--(Marketwired - Oct 9, 2013) - Holzer Holzer & Fistel LLC reminds investors of upcoming deadlines for applications to serve as lead plaintiff in securities class action lawsuits against The First Marblehead Corp., The PetroChina Company, LTD and Nuverra Environmental Solutions, Inc.
Investors that suffered significant losses investing in any of these companies during the specified times who are interested in potentially serving as lead plaintiff in the respective class actions are encouraged to contact Michael I. Fistel, Jr., Esq. (mfistel@holzerlaw.com) or Marshall P. Dees, Esq. (mdees@holzerlaw.com) by email or via toll-free telephone at (888) 508-6832 to discuss their legal rights.
A lead plaintiff is a representative party appointed by the court to act on behalf of other class members in directing the litigation. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The First Marblehead Corp.
A class action lawsuit has been filed on behalf of investors who purchased The First Marblehead Corp. (NYSE: FMD) securities between November 4, 2010 and August 15, 2013, alleging the company violated the federal securities laws by, among other things, allegedly making misstatements relating to the company's tax treatment of the sale of certain securities, including its Trust Certificate. On August 15, 2013, First Marblehead announced a tax liability in the amount of $300 million following an IRS audit, and the price of company shares fell dramatically on the news.
The deadline to seek appointment as lead plaintiff in this lawsuit, which is pending in the United States District Court for the District of Massachusetts, is October 28, 2013. More information about the lawsuit and the firm are available at www.holzerlaw.com.
The PetroChina Company, LTD
A class action lawsuit has been filed on behalf of investors who purchased The PetroChina Company, LTD (NYSE: PTR) securities between April 26, 2012 and August 27, 2013. The lawsuit alleges the company violated the federal securities laws by, among other things, allegedly making false and misleading statements regarding the company's and its executive officer's compliance with regulations and internal corporate governance policies. On August 27, 2013, the company announced it was being investigated by the Chinese government causing the price of its stock to decline.
The deadline to seek appointment as lead plaintiff in this lawsuit, which is pending in the United States District Court for the Southern District of New York, is November 2, 2013. More information about the lawsuit and the firm are available at www.holzerlaw.com.
Nuverra Environmental Solutions, Inc.
A class action lawsuit has been filed on behalf of investors in Nuverra Environmental Solutions, Inc. (NYSE: NES) who purchased common stock between August 6, 2012 and August 23, 2013. According to the complaint, McDermott violated the federal securities laws by, among other things, failing to adequately disclose liquidity issues and declining financial operations.
The deadline to seek appointment as lead plaintiff in this lawsuit, which is pending in the United States District Court for the Southern District of New York, is November 4, 2013. More information about the lawsuit and the firm are available at www.holzerlaw.com.
About The Firm
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com. and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content
