ATLANTA, Dec. 18, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Canadian Superior Energy, Inc. ("Canadian Superior" or the "Company") (AMEX:SNG) common stock who purchased shares between January 14, 2008 and February 17, 2009 (the "Class Period"). The lawsuit alleges, among other things, that Canadian Superior misrepresented or failed to disclose certain facts relating to problems the Company was experiencing with regard to Intrepid Block 5(c) and its drilling activity.
If you purchased shares of Canadian Superior common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than February 8, 2010. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Canadian Superior investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.