Slator and Gordon move on ROC

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&section=Oil and Gas&sectionsource=s194