| COMPANY |
Anadarko Petroleum Corporation |
| COURT |
United States District Court for the Southern District of Texas |
| CASE NUMBER |
20-cv-00576 |
| JUDGE |
The Honorable Charles Eskridge |
| CLASS PERIOD |
February 20, 2015 - May 2, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
On February 19, 2020, the initial complaint in this securities class action was filed against Anadarko Petroleum Corporation (“Anadarko” or the “Company”), and certain of Anadarko’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action brought on behalf of all persons and entities who purchased or otherwise acquired the common stock of Anadarko between February 20, 2015 and May 2, 2017, (the “Class Period”) both dates inclusive.
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 May 17, 2024, the Appellate Court entered Order vacating class certification order. Additional briefing related to the Motion for Class Certification was filed by the parties, and they are awaiting oral argument
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.