NEW YORK, April 20, 2012 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Houston American Energy Corp. ("HUSA" or the "Company") (NYSE Amex: HUSA), concerning whether the company and certain of its officers and directors have violated federal securities laws.
On Thursday April 19, 2012, Shares of HUSA fell $1.24 or 35%, and closed at $2.25. The company announced that a determination has been made to cease efforts to test and complete the C7 and C9 formations in the Tamandua #1 sidetrack well. The Company also confirmed that the SEC is conducting a non-public formal investigation into the Company. In February and in April, HUSA received three SEC subpoenas, requiring testimony of its CEO and CFO, plus the delivery of certain documents. This nonpublic formal order of private investigation stems from October 2010. Although the Company cannot be certain of the scope of the investigation, the SEC is trying to determine whether there have been any violations of the federal securities laws.
If you are aware of any facts relating to this investigation, or purchased shares of HUSA, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. 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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC