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Parallel Petroleum Corporation Investors File Lawsuit

  • If you are currently an investor in shares of Parallel Petroleum Corporation (Public, NASDAQ:PLLL), and purchased the shares before September 15, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to, or call us at (858) 779-1554.

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Lawsuit Overview

An investor filed a lawsuit on behalf of current investors Parallel Petroleum Corporation (Public, NASDAQ:PLLL), who purchased the shares before September 15, 2009, over alleged breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price were announced. According to the complaint the plaintiff alleges potential breaches of fiduciar...

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