Canadian Superior Energy Inc. Responds to Class Action Lawsuit Commenced in the United States
14 Dicembre 2009 - 2:27PM
Marketwired
Canadian Superior Energy Inc. ("Canadian Superior" or the
"Company") (TSX: SNG)(NYSE Amex: SNG) announced today that it has
been notified of a class action lawsuit commenced in the United
States District Court for the Southern District of New York. The
lawsuit purports to be brought on behalf of purchasers of the
common stock of Canadian Superior between January 14, 2008 and
February 17, 2009. The complaint alleges that certain former
executives of Canadian Superior violated the Securities Exchange
Act of 1934 by failing to disclose information concerning its
prospects in Trinidad and Tobago. The complaint also names a
current officer of Canadian Superior as a defendant. Canadian
Superior has not been named a defendant in the case as it sought
protection under Canadian bankruptcy and reorganization laws and
has since reorganized. Canadian Superior intends to take any
necessary steps to protect its interests in this matter.
Statements contained in this news release relating to future
results, events and expectations are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements involve known and unknown
risks, uncertainties, scheduling, re-scheduling and other factors
which may cause the actual results, performance, estimates,
projections, resource potential and/or reserves, interpretations,
prognoses, schedules or achievements of the Corporation, or
industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
statements. Such factors include, among others, those described in
the Corporation's annual reports on Form 40-F or Form 20-F on file
with the U.S. Securities and Exchange Commission.
Contacts: Canadian Superior Energy Inc. Investor Relations (403)
294-1411 (403) 216-2374 (FAX) Canadian Superior Energy Inc. Suite
3200, 500 - 4th Avenue S.W. Calgary, Alberta, Canada T2P 2V6
Website: www.cansup.com
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