| COMPANY |
Anadarko Petroleum Corporation |
| COURT |
United States District Court for the Southern District of Texas |
| CASE NUMBER |
20-cv-00576 |
| JUDGE |
Honorable Charles Eskridge |
| CLASS PERIOD |
February 20, 2015 through May 2, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
This is a federal securities fraud class action lawsuit on behalf of all persons and entities who purchased or otherwise acquired Anadarko Petroleum Corporation (“Anadarko” or the “Company”) common stock between February 20, 2015 and May 2, 2017, both dates inclusive (the “Class Period”). On February 19, 2020, the initial complaint in this securities class action was filed against Anadarko and certain of Anadarko’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act.
The complaint alleges that, throughout the Class Period, the Defendants misrepresented and/or failed to disclose that: (1) the value of the Shenandoah assets and the success of the Shenandoah appraisal wells were overstated; (2) Anadarko lacked effective internal control over financial reporting; and (3) as a result of the foregoing, the Defendants' statements about Anadarko's Shenandoah assets lacked a reasonable basis.
Current Status of Case:
On July 3, 2025, the Court heard final arguments for Plaintiff’s Motion for Class Certification. The Court has taken the Motion under advisement. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.