NEW YORK, April 24, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Magnum Hunter Resources Corporation ("MHR" or the "Company") (NYSE: MHR), concerning whether the board has breached its fiduciary duties to shareholders.
On April 16, 2013, the Company disclosed that it had dismissed its independent auditor after the auditor advised the Company of material weaknesses in MHR's internal accounting controls. The control weaknesses identified were in areas that could impact the fairness and reliability of the Company's financial statements.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own MHR shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Matthew M. Houston, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: [email protected] Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.