Judge Certifies Class In Securities Suit Against Gas And Oil Company

Judge Certifies Class In Securities Suit Against Gas And Oil Company

SANTA ANA, Calif. - A federal judge in California on Jan. 6 certified a class of investors in a securities class action lawsuit against a natural gas and oil company alleged to have issued misrepresentations in proxy statements used as part of a series of mergers in violation of federal securities laws, ruling that the investors have met all statutory requirements for class certification (Jeffrey Schulein, et al. v. Petroleum Development Corp., et al., No. 11-1891, C.D. Calif.).

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