Published: September 12, 2008
The Rosen Law Firm Files Securities Class Action Charging Quest Resource Corporation With Violations of the Federal Securities Laws -- QRCP
The Rosen Law Firm announced that it has filed
a class action lawsuit on behalf of all purchasers of Quest Resource
Corporation ("Quest Resource") (NASDAQ: QRCP) stock from May 2, 2005
through August 25, 2008 (the "Class Period").
To join the Quest Resource class action, go to the website at
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq.
toll-free at 866-767-3653 or email lrosen@rosenlegal.com or
pkim@rosenlegal.com for information on the class action.
The case is pending in the United States District Court for the Western
District of Oklahoma. You can obtain a copy of the complaint from the
clerk of court or you may contact counsel for plaintiffs Laurence Rosen,
Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email
lrosen@rosenlegal.com or pkim@rosenlegal.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER.
The complaint charges Quest Resource and certain former and present
officers with violations of Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 by virtue of Quest Resource's failure to properly
disclose related party transactions between Quest Resource and its former
CEO Jerry Cash. On August 25, 2008 Quest Resource announced that Jerry
Cash had resigned following an inquiry by the Oklahoma Department of
Securities in connection with questionable transfers of funds between Quest
and an entity controlled by Mr. Cash. Quest Resource also announced that
it had constituted a special committee to conduct an internal
investigation. As a result of these adverse disclosures, the price of
Quest Resource shares dropped, damaging investors.
A class action lawsuit has already been filed on behalf of Quest Resource
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than November 11, 2008. If you wish to join the litigation
or to discuss your rights or interests regarding this class action, please
contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of
The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has extensive experience in securities litigation and
actions involving financial fraud. The Rosen Law Firm represents investors
throughout the nation in securities class actions.
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