NEW YORK, March 14, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Vaalco Energy, Inc. ("Vaalco" or the "Company") (NYSE: EGY). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Vaalco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 13, 2017, post-market, Vaalco disclosed in its Annual Report for fiscal year 2016 that the Company had identified a material weakness in its internal control over financial reporting. Specifically, Vaalco advised investors that the material weakness in controls resulted in adjustments prior to issuing financial statements that would have resulted in a misstatement if left uncorrected.
On this news, Vaalco's share price has fallen sharply during intraday trading on March 14, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP