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If you purchased shares of Anadarko Petroleum Corporation (NYSE: APC), you might have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
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September 11, 2014 - The court held a final settlement hearing, approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
June 12, 2014 - The court preliminarily approved the settlement. The settlement includes not only Anadarko Petroleum Corporation (NYSE: APC) common stock but also certain senior unsecured notes and company guaranteed notes listed in the appendix of the notice (page 12).
May 16, 2014 - Parties filed a stipulation of settlement.
July 15, 2013 - The court granted in part and denied in part the defendants' motion to dismiss.
September 21, 2012 - The defendants filed a motion to dismiss.
August 2, 2012 - The court ordered the May 2, 2011 motion to dismiss as moot.
July 20, 2012 - The lead plaintiffs filed an amended consolidated complaint in the U.S. District Court for the Southern District of Texas on behalf of investors who purchased Anadarko Petroleum Corporation (NYSE: APC) common shares between June 12, 2009 and June 9, 2010.
April 16, 2012 - Additional cases were consolidated.
March 19, 2012 - The court ordered all cases transferred to the U.S. District Court for Southern District of Texas.
May 2, 2011 - The defendants filed a motion to dismiss.
January 31, 2011 - The lead plaintiffs filed a consolidated complaint.
November 16, 2010 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.
August 23, 2010 - Lead plaintiff motions were filed.
June 23, 2010 - An investor in shares of Anadarko Petroleum Corporation (NYSE: APC) filed a lawsuit in the U.S. District Court for the Southern District of New York against Anadarko Petroleum Corporation over alleged violations of Federal Securities Laws.
According to the complaint the plaintiff alleges that Anadarko Petroleum Corporation and certain of its officers made between June 12, 2009 and June 9, 2010 a series of materially false and misleading statements related to Anadarko Petroleum Corporation’s business and operations in violation of the Securities Exchange Act of 1934. In particular, plaintiff alleges that Anadarko Petroleum Corporation, 25% owner of the Macondo/Deepwater Horizon well, misled about the safety of the Deepwater Horizon well and downplayed its potential liability in the days after the fatal rig explosion and oil spill. Shares of Anadarko Petroleum Corporation (APC) traded recently at $47.46 per share, down from its 52weekHigh of over $75 per share.
Anadarko Petroleum Corporation, located in The Woodlands, Texas, is an independent oil and gas exploration and production company, with 2.3 billion barrels of oil equivalent of proved reserves as of December 31, 2009. Anadarko Petroleum Corporation reported in 2007 Total Revenue of $16.416billion, in 2008 $15.162billion, and in 2009 $9billion.