Magnum Hunter Resources Corp. (MHR) Securities Fraud Class Action Investigation

Squitieri & Fearon, LLP announces that a class action has been filed in the United States District Court for the Southern District of Texas against Magnum Hunter Resources Corp. (NYSE: MHR) on behalf of investors who purchased the Company’s securities during the period from May 3, 2012 through April 16, 2013 (the “Class Period”).

The Complaint charges MHR and some of its officers and directors with making false and misleading statements as well as failing to disclose material adverse facts about the Company’s business practices.  On April 16, 2013 the Company disclosed that it had dismissed its auditor (PricewaterhouseCoopers LLP) after the auditor identified issues that could have a material impact on the fairness or reliability of MHR’s financial statements.  MHR’s shares now trade at approximately $2.80 per share, which is far less than the prices that investors paid for their shares.

Squitieri & Fearon, LLP has significant experience prosecuting class actions on behalf of investors and shareholders.

If you wish to discuss your rights in connection with the MHR stock or have any questions concerning this notice or your rights or interest, please contact Stephen J. Fearon, Jr. by e-mail at or by phone at (212) 421-6492. You can also complete the following form, and someone from the firm will contact you.

1. I make this declaration pursuant to Section 21D(a)(2) Iof the Securities Exchange Act of 1934 and Section 27(a)(2) of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995.

2. I have reviewed the Complaint and authorized its filing by Squitieri & Fearon, LLP as well as the filing of a motion on my behalf for appointment as lead plaintiff.

3. I did not purchase the security that is the subject of this action at the direction of plaintiff’s counsel or in order to participate in any private action arising under the Securities Exchange Act of 1934 or the Securities Act of 1933.

4. I am willing to serve as a representative party on behalf of a Class, including providing testimony at deposition and trial, if necessary.

5. To the best of my knowledge, the attached sheet lists all of my transactions during the Class Period in the securities that are the subject of this action.

6. During the last three years, I have not sought to serve as a representative party on behalf of a class under the federal securities laws.

7. I will not accept any payment for serving as a representative party on behalf of the class as set forth in the Complaint, beyond my pro rata share of any recovery, except such reasonable costs and expenses directly relating to the representation of the class as ordered or approved by the Court.

8. I declare under penalty of perjury that the foregoing is true and correct.
  • If seeking lead status on behalf of an institutional investor.
  • DatePurchase or SaleNumberPrice 
    Add a row
    Please enter details of at least one transaction relevant to your claim. Press the "+" button to add additional transactions.
    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.