BONDHOLDER ALERT UPDATE: Lawsuit on Behalf of PetroQuest Energy, Inc.’s 10% Senior Note Bondholders Has Been Transferred From The United States District Court for the Southern District of New York to the Western District of Louisiana

NEW YORK, Aug. 15, 2016 (GLOBE NEWSWIRE) -- On May 27, 2016, a lawsuit was filed in the United States District Court for the Southern District of New York against PetroQuest Energy, Inc. (NYSE:PQ) on behalf of holders of the Company’s “10% Senior Notes due 2017 (CUSIP No. 716748 AA6).”  The lawsuit alleges violations of the federal securities laws and claims for breach of contract by the Company in connection with the private exchange offer and exit-consent solicitation for its 10% Senior Notes due 2017 announced on January 14, 2016.

On August 10, 2016, the case was transferred from New York to the United States District Court for the Western District of Louisiana on consent of all the parties, and in the interests of justice. Plaintiffs expect the litigation to get underway once the receiving court completes process of the transfer.

If you own any of PetroQuest Energy, Inc.’s 10% Senior Notes due 2017, and have any questions concerning the pending litigation please contact Eduard Korsinsky, Esq. via email at ek@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/petroquest-energy.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:    
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004            
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com