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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Hercules Offshore, Inc.    

HERCULES OFFSHORE, INC.

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HERCULES OFFSHORE : Bernstein Liebhard LLP Investigating Hercules Offshore, Inc.

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04/29/2011 | 02:05pm EST

Bernstein Liebhard LLP is investigating whether wrongdoing occurred at Hercules Offshore, Inc. ("Hercules" or the "Company") (NASDAQ: HERO), including whether the Company made false statements to the investing public.

The investigation concerns violations of the Foreign Corrupt Practices Act ("FCPA") and the Securities Exchange Act of 1934 (the "Exchange Act"), which allegedly occurred when Hercules failed to disclose certain material information about its business practices to shareholders.

On April 7, 2011, Hercules disclosed that, on April 4, 2011, it received a subpoena issued by the Securities and Exchange Commission ("SEC") in connection with the SEC's investigation into possible violations by Hercules of the securities laws, including violations of the FCPA and the Exchange Act. Hercules also reported that on April 5, 2011 it had been notified by the Department of Justice ("DOJ") that certain of the Company's activities were under review by the DOJ.

In response to this news, Hercules' stock price dropped approximately 16%, or more than $0.89 per share, from an open of $6.48 per share on April 7, 2011, to an open of $5.59 per share on April 8, 2011.

If you are interested in discussing your rights as a Hercules shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard has pursued hundreds of securities, consumer cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last eight years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Bernstein Liebhard LLP
Joseph R. Seidman, Jr., 877-779-1414
seidman@bernlieb.com.
www.bernlieb.com


© Business Wire 2011
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Troy L. Carson Chief Financial Officer & Senior Vice President
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