Anadarko Petroleum Corporation

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Case Summary
Company Name: Anadarko Petroleum Corporation
Stock Symbol : NYSE: APC
Class Period Start: 02/17/2016
Class Period End: 05/02/2017
Lead Plaintiff motion: 07/03/2017
Date Filed: 05/03/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of Texas
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 3, 2017 lead plaintiff deadline in a class action lawsuit filed against Anadarko Petroleum Corporation (NYSE: APC) (“Anadarko” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Texas and investors, who purchased Anadarko Petroleum Corporation securities between February 17, 2016 and May 2, 2017, have until July 3, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Anadarko Petroleum Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Anadarko’s maintenance and safety protocols in respect to certain of its vertical wells were inadequate; due to the foregoing shortcomings, these wells were at an increased risk of explosion; and that as a result of the foregoing, Anadarko’s public statements were materially false and misleading at all relevant times.

On April 17, 2017, a deadly explosion killed two people and seriously injured another in a home located within 170 feet of an Anadarko well.

On April 26, 2017, a report by The Denver Post disclosed the Company “plans to shut down 3,000 vertical wells in northeastern Colorado” following the April 17 explosion.

On May 2, 2017, the Frederick-Firestone Fire Protection District concluded that the fatal home explosion on April 17 was linked to a faulty gas line connected to an Anadarko well.

When this information was released, NYSE: APC dropped, which caused investors harm.

If you were negatively impacted by your investment in Anadarko Petroleum Corporation securities between February 17, 2016 and May 2, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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