NEW YORK, Aug. 15, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announced today that it has filed a class action lawsuit on behalf of all purchasers of the securities of Key Energy Services, Inc. (NYSE:KEG) during the period from July 25, 2013 through July 17, 2014, seeking to recover investors' losses under the federal securities laws.

To join the Key Energy class action, go to the website at http://rosenlegal.com/cases-313.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The case filed by the firm is pending in the U.S. District Court for the Southern District of Texas.

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 AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants made false and misleading statements and/or failed to disclose: (1) that the Company's production for one of its largest customers was in decline; (2) that the Company engaged in improper conduct related to its operations in Russia; and (3) that the Company's business practices in Russia were in violation of the U.S. Foreign Corrupt Practices Act. As a result, the lawsuit claims that when these adverse facts became known, the value of Key Energy's stock dropped, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 14, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.