NEW YORK, June 26, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of CAMAC Energy Inc. ("CAMAC Energy" or the "Company") (NYSEMKT: CAK). The investigation focuses on whether the Company and its executives violated federal securities laws.
On June 25, 2014, CAMAC Energy announced in a Securities and Exchange Commission, (SEC) Form 8-K filing that "on June 19, 2014, the management of CAMAC Energy Inc. (the "Company") concluded that the Company's unaudited financial statements included in its quarterly report on Form 10-Q for the first quarter of 2014 (the "First Quarter 10-Q") contained errors. On June 24, 2014, the Company's audit committee and management concluded that the unaudited financial statements contained in the First Quarter 10-Q should no longer be relied upon because of these errors and that the Company should amend the First Quarter 10-Q and restate the unaudited financial statements contained therein."
On this news, CAMAC Energy's shares fell over 7% during intraday trading on June 26, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of CAMAC Energy, you can assist this investigation by contacting either Edward N. Gewirtz or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Edward N. Gewirtz or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC