NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that a class action lawsuit has been commenced in the United States District Court Western District of Oklahoma on behalf of shareholders who obtained Quest Energy ("Quest Energy" or "Company") (Nasdaq:QELP) common units pursuant or traceable to the Company's initial public offering ("IPO") on or about November 7, 2007 through August 25, 2008 (the "Class Period").
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. If you purchased common units of Quest Energy during the Class Period, you may move the Court no later than November 4, 2008, and request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The complaint charges Quest Energy and certain former and present officers, and controlling entities, including Quest Resource Corporation ("Quest Resource") (Nasdaq:QRCP), with violations of Sections 11 and/or 15 of the Securities Act of 1933 by virtue of Quest Energy's issuance of a materially inaccurate Registration Statement and Prospectus (the "Registration Statement") in connection with Quest Energy's IPO.