New York-- (BUSINESS WIRE)-- (business news in the United States)--ReasonRosen Law Firm, a global investor rights law firm, reminds those who buy Reconnaissance Energy Africa Ltd. (formerly known as Lund Enterprises Corp.) (OTC: RECAF, LGDOF) securities between February 28, 2019 and September 7, 2021 (including the above date, referred to as the "class action period"). Keep in mind that the securities class action initiated by the law firmThe deadline for the lead plaintiff is December 27, 2021.。
What does that mean?People who buy ReconAfrica securities during the class action period can get compensation through risk agency fee arrangement without paying any out-of-pocket fees and expenses.
What should we do next?To join ReconAfrica class action, please visit, call toll-free number 866-767-3653 or contact Phillip Kim lawyer at pkim@rosenlegal.com or cases@rosenlegal.com for more information about class action. The law firm has filed a class action lawsuit. If you want to be the lead plaintiff, you mustBefore December 27, 2021Apply to the court. The lead plaintiff is the representative who leads the action on behalf of other collective members.
Why choose ROSEN LAW?We encourage investors to choose qualified lawyers with a track record of success in leadership positions. In general, the law firm that issues the notice does not have comparable experience, resources, or any rigorous peer recognition. Many of these firms have not actually filed securities class action lawsuits. Please choose your legal counsel wisely. Rosen Law Firm provides services to investors worldwide, focusing on securities class action and shareholder derivative litigation. Rosen Law Firm successfully settled the largest securities class action to date against a Chinese company. Rosen Law Firm was selected as the No. 1 law firm by the ISS Securities Class Action Services in 2017 because of the number of securities class action settlements. Rosen Law Firm has entered the top four of the list every year since 2013 and has recovered hundreds of millions of dollars for investors. The law firm recovered more than $438 million for investors in 2019 alone. In 2020, founding partner Laurence Rosen was named "Best plaintiff lawyer" (Titan of Plaintiffs' Bar) by law360. Many of the firm's lawyers have been honored by Lawdragon and Super Lawyers.
Details of the caseThis action argues that the defendant made false and / or misleading statements throughout the class action, and / or failed to disclose: (1) ReconAfrica's plan to use unconventional means (including fracturing) for energy exploitation in ecologically fragile Kavango areas; (2) ReconAfrica will begin unauthorized drilling testing; (3) ReconAfrica will illegally use water for well testing. (4) ReconAfrica will illegally store used water in unlined pools; (5) ReconAfrica will bypass Namibian law and hire an incompetent and inappropriate consultant; (6) as a result, ReconAfrica faces future risks associated with oil wells, drilling and water permits in Namibia and Botswana. (7) contrary to its statement, ReconAfrica has not contacted or provided sufficient information to those who will be affected by its testing and potential energy extraction in a feasible way (including the use of relevant local languages); (8) ReconAfrica's interests are in the Owambo basin, not the so-called Kavango basin; (9) ReconAfrica has been driving up prices. And (10) for the above reasons, the defendant's public statements at all relevant times are materially false and / or misleading. The lawsuit alleges that investors suffered losses when the market learned the true information.
To join the ReconAfrica class action, please visit, call toll-free number 866-767-3653, or contact your Phillip Kim lawyer at pkim@rosenlegal.com or cases@rosenlegal.com for more information about the class action.
The collective of the above litigation has not been certified. Until then, except for employment, lawyers will not provide legal services to individuals. Individuals may choose to hire a lawyer or act as a member of the absent class action, and no action is required at this time. The investor's share of any possible compensation in the future has nothing to do with whether he is the lead plaintiff or not.
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Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll free hotline: (866) 767-3653
Fax: (212) 202-3827
Lrosen@rosenlegal.com
Cases@rosenlegal.com
Pkim@rosenlegal.com