CRITICAL INVESTOR ALERT: Khang & Khang LLP Announces an Investigation of VAALCO Energy, Inc. and Encourages Investors with Losses to Contact the Firm
Khang & Khang LLP (the “Firm”) announces that it is investigating claims
against VAALCO Energy, Inc. (“VAALCO” or the “Company”) (NYSE: EGY)
concerning possible violations of federal securities laws.
If you purchased shares of VAALCO and want more information, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman
Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by
e-mail at joon@khanglaw.com.
On March 13, 2017, VAALCO announced “that as of December 31, 2016 there
is a material weakness related to the execution of the control for the
physical observation of equipment which is performed annually to
validate its existence.” The Company also mentioned “management
determined that the effectiveness and timeliness of the performance of
controls related to the review of financial reports, the review of
account reconciliations and the evaluation and reporting of significant
and unusual transactions was not adequate to ensure that the material
weakness in internal control identified in 2015 had been fully
remediated.”
When this news was released to the investing public, the value of VAALCO
dropped, causing investors serious harm.
If you have any questions concerning this notice or your rights, please
contact Joon M. Khang, a prominent litigator for almost two decades, by
telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170315006317/en/
Copyright Business Wire 2017
Source: Business Wire
(March 15, 2017 - 2:45 PM EDT)
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