A lawsuit was filed by an investor in Jagged Peak Energy Inc (NYSE:JAG) shares alleging securities laws violations by Jagged Peak Energy and NYSE:JAG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/11/2017 -- The Shareholders Foundation announces that an investor of Jagged Peak Energy Inc (NYSE:JAG) shares filed a lawsuit against Jagged Peak Energy over alleged securities laws violations.
Investors who purchased shares of Jagged Peak Energy Inc (NYSE:JAG), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff claims that certain officials at Jagged Peak Energy Inc issued certain misleading statements in the registration statement and incorporated offering materials that the company filed with the U.S. Securities and Exchange Commission in support of the IPO. More specifically, the plaintiff alleges Jagged Peak Energy Inc presented a highly positive picture of the company's business, performance, prospects, and acreage, while omitting that many of its wells were positioned in an area where extractability had not been tested, therefore presenting a significant risk that its wells would produce less than other wells in the Southern Delaware Basin.
Those who purchased shares of Jagged Peak Energy Inc (NYSE:JAG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego