SECURITIES ALERT: Rosen Law Firm Reminds SandRidge Energy, Inc. Investors of Important Deadline in Class Action Filed by Firm -- SD
NEW YORK, Nov. 25, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds purchasers of SandRidge Energy, Inc. securities (NYSE:SD) from March 1, 2013 through November 4, 2014 of the important January 12, 2015 lead plaintiff deadline in the class action filed by the firm.
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, SandRidge Energy issued materially false and misleading financial information to shareholders. On November 4, 2014, SandRidge Energy announced that the U.S. Securities and Exchange Commission had asked the Company to reassess its accounting for penalties paid under a contract with Occidental Petroleum Corp. As a result, SandRidge Energy concluded that its consolidated financial statements for the periods ended December 31, 2012 and 2013 and its unaudited consolidated financial statements for the periods ended March 31, 2013, June 30, 2013, September 30, 2013, March 31, 2014, and June 30, 2014 should no longer be relied upon. The suit claims that when this adverse information entered the market, the price of SandRidge Energy securities dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2015. If you wish to join the litigation go to http://rosenlegal.com/cases-424.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 email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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