Law firm Slater and Gordon has contacted Roc shareholders to support a claim for losses from the company based on the allegation that it knowingly failed to inform the market of a reserve downgrade at its Victorian Basker Manta Gummy field as soon as it became apparent in 2009. The move to pursue a class action could trigger a material adverse change condition in the Fosun takeover. A material adverse change would involve any event which results in a $US15 million ($A17.3 million) reduction in asset value.
http://www.pngindustrynews.net/stor...936272§ion=Oil and Gas§ionsource=s194
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