August 25, 2016 - The court dismissed the case.
July 29, 2013 - Defendants filed a motion to dismiss.

June 28, 2013 - The plaintiff filed an amended complaint.

June 5, 2013 - A plaintiff filed a notice of voluntary dismissal, dismissing its claims without prejudice.

April 15, 18 and May 1, 2013 - The court ordered additional cases consolidated.

March 22, 2013 - An investor in shares of Harvest Natural Resources Inc (NYSE: HNR) filed a lawsuit in the U.S. District Court for the Southern District of Texas against Harvest Natural Resources Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 7, 2010 and March 18, 2013.

According to the complaint the plaintiff alleges on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Harvest Natural Resources Inc (NYSE: HNR) between May 7, 2010 and March 18, 2013, that Harvest Natural Resources Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 7, 2010 and March 18, 2013 a series of allegedly materially false and misleading statements regarding Harvest Natural Resources Inc's revenues and operations.

On June 21, 2012, Harvest Natural Resources Inc announced that its wholly-owned subsidiary, HNR Energia BV, has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of Harvest Natural Resources Inc's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale were estimated to be approximately $525.0 million after deductions for transaction related costs and taxes.

Shares of Harvest Natural Resources Inc jumped from $4.88 per share on June 21, 2012, to $9.12 per share on June 22, 2012 and continued to increase to as high as $10.25 per share on January 4, 2013.

However, the plaintiff claims that the Defendants made false and/or misleading statements and/or failed to disclose that Harvest Natural Resources Inc incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs, that Harvest Natural Resources Inc improperly presented certain cash flow items and caused certain long-lived assets to be impaired, Harvest Natural Resources Inc was unable to sell its interests in Petrodelta SA, to PT Pertamina (Persero), that Harvest Natural Resources Inc lacked adequate internal and financial controls; and that as a result of the foregoing, Harvest Natural Resources Inc's statements were materially false and misleading at all relevant times.

Then on February 20, 2013, Harvest Natural Resources Inc announced that the Share Purchase Agreement (SPA) between PT Pertamina (Persero) and HNR Energia BV, a wholly-owned subsidiary of Harvest, for the purchase of Harvest Natural Resources Inc's interests in Venezuela for $725 million has been terminated as a result of the Government of Indonesia, in its capacity as sole shareholder of PT Pertamina (Persero), voting not to approve the transaction.

On March 19, 2013, Harvest Natural Resources Inc disclosed that there were certain errors in its financial statements related to, among others, the capitalization of certain lease maintenance costs and certain internal selling, general and administrative costs. In addition, Harvest Natural Resources Inc disclosed that it had determined that a material weakness existed in its controls over the accuracy and presentation of its accounting for certain long-lived assets and as a result, the Company would be required to revise and possibly restate its financial statements for certain periods in 2010, 2011 and 2012.

Shares of Harvest Natural Resources Inc (NYSE: HNR) declined from $9.16 on February 19, 2013 to $5.45 on February 20, 2013 and as low as $3.05 on March 19, 2013.