IRVINE, Calif.--(BUSINESS WIRE)--
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 [email protected].
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 [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
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