EQUITY ALERT: The Rosen Law Firm Files Securities Class Action on Behalf of Purchasers of Common Units of SandRidge Mississip...
09 Junio 2015 - 7:00PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it has filed a class action lawsuit on behalf of purchasers of
the common units of SandRidge Mississippian Trust I (NYSE:SDT)
during the period from April 7, 2011 through November 8, 2012, both
dates inclusive (the “Class Period”). The lawsuit seeks to recover
damages for SandRidge Mississippian Trust I investors under the
federal securities laws.
To join the Sandridge Mississippian Trust I class action, go to
the firm’s website at http://www.rosenlegal.com/cases-631.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 lawsuit is pending in U.S.
District Court for the Western District of Oklahoma.
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/or
misleading statements and failed to disclose that: (1) the
underlying properties from which the royalty interests were
conveyed to SandRidge Mississippian Trust I consisted of far more
low-margin natural gas deposits and far fewer high-margin oil
deposits, and (2) the reserves of oil in the underlying properties
associated with Trust I were vastly overstated. When the true
details entered the market, the lawsuit claims that investors
suffered damages.
If you wish to serve as lead plaintiff, you must move the Court
no later than August 10, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-631.html 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 represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150609006762/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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