On March 15, 2004, the class action
lawsuit was filed in the Southern District of New York against Canadian
Superior Energy, Inc. (Amex: SNG). The complaint alleges violations of
federal securities laws, including allegations of dramatically overstating
revenues and concealing Canadian Superior Energy's true prospects. The
lawsuit further alleges that defendants violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and Rule 10b-5, thereby issuing a series
of material misrepresentations to the market. The class period is from
November 17, 2003 through March 11, 2004.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later than
sixty (60) days from March 15, 2004, to serve as a lead plaintiff for the
Class. However, in order to do so, you must meet certain legal requirements
pursuant to the Private Securities Litigation Reform Act of 1995.