NEW YORK, Oct. 3, 2008 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the November 11, 2008 lead plaintiff deadline in the class action lawsuit on behalf of all purchasers of Quest Resource Corporation ("Quest Resource") (Nasdaq:QRCP) stock from May 2, 2005 through August 25, 2008 (the "Class Period"). The Rosen Law Firm is one of the firms that filed the first class action against Quest Resource.
To join the Quest Resource class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
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. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.
The complaint charges Quest Resource and certain former and present officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on Quest Resource's failure to properly disclose related party transactions between Quest Resource and its former CEO Jerry Cash. On August 25, 2008 Quest Resource announced that Jerry Cash had resigned following an inquiry by the Oklahoma Department of Securities in connection with questionable transfers of funds between Quest and an entity controlled by Mr. Cash. Quest Resource also announced that it had constituted a special committee to conduct an internal investigation. As a result of these adverse disclosures, the price of Quest Resource shares dropped, damaging investors.
A class action lawsuit has already been filed on behalf of Quest Resource shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than November 11, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has extensive experience in securities litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation in securities class actions.
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More information on this and other class actions can be found on the Class Action Newsline at www.globenewswire.com/ca