DENVER, Sept. 10, 2008 (LAWFUEL) — Dyer & Berens LLP today
announced that a class action lawsuit has been filed in the United
States District Court for the Western District of Oklahoma, on behalf
of purchasers of Quest Energy Partners, L.P. (“Quest Energy” or the
“Company”) (Nasdaq:QELP) common units from the date of the Company’s
initial public offering on or about November 7, 2007 (the “IPO”)
through August 25, 2008 (the “Class Period”).
If you purchased Quest Energy common units during the Class Period, you
may, no later than November 4, 2008, request that the Court appoint you
as a lead plaintiff for the Class. A lead plaintiff is a class member
that acts on behalf of other investors in directing the litigation.
Although your ability to share in any recovery is not affected by your
decision to seek appointment as a lead plaintiff, lead plaintiffs make
important decisions which could affect the overall recovery for class
members.
For a free consultation regarding your rights and interests with
respect to the pending lawsuit, you may contact Jeffrey A. Berens, Esq.
at (888) 300-3362, (303) 861-1764 or via email at jeff@dyerberens.com.
The complaint charges Quest Energy and others, including Quest Resource
Corporation (“Quest Resource”) (Nasdaq:QRCP), with violations of the
Securities Act of 1933 by virtue of Quest Energy’s issuance of an
allegedly materially inaccurate Registration Statement and Prospectus
(the “Registration Statement”) in connection with Quest Energy’s IPO.
According to the complaint, in November 2007, Quest Energy raised over
$151 million from investors in its IPO. Quest Energy’s Registration
Statement was allegedly inaccurate because Quest Energy failed to
properly disclose related party transactions between its CEO Jerry Cash
and an entity he controlled. On August 25, 2008 Quest Energy announced
that its CEO had resigned following an inquiry by the Oklahoma
Department of Securities in connection with questionable transfers of,
among other things, Quest Energy funds to Rockport Energy, a Texas
limited liability corporation controlled by Mr. Cash. In response to
these announcements, the price of Quest Energy shares has fallen
dramatically.
Although at this time, Dyer & Berens LLP has not filed a complaint in
this matter, it specializes in complex class action litigation on
behalf of injured investors throughout the nation. The firm’s extensive
experience in securities litigation, particularly in cases brought
under the Private Securities Litigation Reform Act, has contributed to
the recovery of hundreds of millions of dollars for aggrieved
investors. For more information about the firm, please go to
www.DyerBerens.com.
