Arakis Reports Re-filing of Class Action Lawsuit.CALGARY, ALBERTA--(BUSINESS WIRE)--Feb. 14, 1997-- Arakis (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on AKSEF) -- Arakis Energy Corporation (NASDAQ: AKSEF) announced in a press release dated November 29, 1996 that the class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax entitled "In Re: Arakis Energy Corporation Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. (95 CV34431 (ARR ARR See: Average rate of return ))" was dismissed. As anticipated, the plaintiffs in the action have now filed an amendment to their original complaint. The Company will continue to vigorously defend the action. CONTACT: Arakis Energy Corporation Kristine Dow, 403/263-2471 403/263-8069 (FAX) www.arakis.com or Arakis Energy Corporation Ron Burrows, 403/263-2471 403/263-8069 (FAX) |
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