New York, New York – (Newsfile Corp. – October 31, 2021) – WHY: Rosen Law Firm, a global law firm specializing in investor rights, reminds buyers of the titles of Reconnaissance Energy Africa Ltd. f / k / a Lund Enterprises Corp. (OTCQX: RECAF) between February 28, 2019 and September 7, 2021 inclusive (the âClass Periodâ), of the important December 27, 2021, lead applicant deadline.
SO WHAT: If you purchased securities from ReconAfrica during the Class Period, you may be entitled to compensation without payment of any costs or additional charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the ReconAfrica class action lawsuit, go to http://www.rosenlegal.com/cases-register-2100.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than December 27, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the period of the action made false and / or misleading statements and / or failed to disclose: (1) ReconAfrica’s plan to use unconventional means for the extraction of energy (including hydraulic fracturing) in the fragile zone of Kavango; (2) that ReconAfrica would begin drill testing without a license; (3) that ReconAfrica is illegally using the water to test wells; (4) that ReconAfrica is illegally storing wastewater in uncoated swimming pools; (5) that ReconAfrica would circumvent Namibian law and hire an inadequate and inappropriate consultant; (6) that, as a result, ReconAfrica risked future water-related wells, boreholes and permits in Namibia and Botswana; (7) that, contrary to its statements, ReconAfrica did not contact or provide adequate information (including in relevant local languages) by means accessible to those who would be affected by its testing and potential energy extraction ; (8) that ReconAfrica’s interests lie in the Owambo Basin, and not in what is called the Kavango Basin; (9) that ReconAfrica is continually engaged in pumping out stocks; and (10) because of the foregoing, the defendants’ public statements were substantially false and / or misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the ReconAfrica class action lawsuit, go to http://www.rosenlegal.com/cases-register-2100.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future recovery does not depend on whether he or she is a lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101410