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BUZZ-Ithaca Energy: Statement of claim knocks shares

Reuters - UK Focus

** Ithaca Energy (Other OTC: IACAF - news) 's London-listed shares slumps as much as 19 pct, 2nd top loser on FTSE AIM Oil and Gas Index & on track for largest intra-day fall in 3 mnths

** Co says received a statement of claim from a law firm regarding alleged misrepresentation of information over completion of modifications at a floating production facility at its Greater Stella Area asset in the North Sea

** North Sea oil and gas co, which refutes any allegations and strongly denies any suggested wrongdoing, does not immediately respond to a request for further comments

** Stock trades in heavy volumes, with over 2 mln shares having changed hands within the first half an hour of trading vs daily avg of 1.6 mln