A lawsuit was filed on behalf of certain investors in Sandridge Mississippian Trust I (NYSE:SDT) and SandRidge Mississippian Trust II (NYSE:SDR) shares.

San Diego, CA -- (SBWire) -- 06/24/2015 --An investor, who purchased shares of Sandridge Mississippian Trust I (NYSE:SDT), filed a lawsuit in the U.S. District Court for the Western District of Oklahoma over alleged violations of Federal Securities Laws by the Sandridge Mississippian Trust I, SandRidge Mississippian Trust II, and SandRidge Energy Inc in connection with certain allegedly false and misleading statements.

Investors who purchased a significant amount of shares of Sandridge Mississippian Trust I (NYSE:SDT) pursuant or traceable to the Sandridge Mississippian Trust I's initial public offering on or about April 7, 2011, and/or at other times during the time period between April 7, 2011 and November 8, 2012, and/or investors who purchased or otherwise acquired common units of the SandRidge Mississippian Trust II (NYSE:SDR) pursuant or traceable to the Sandridge Mississippian Trust II's initial public offering on or about April 17, 201, and/or at other times between April 7, 2011 and November 8, 2012, and / or if you purchased any NYSE:SDT and/or NYSESDR shares prior to April 2011 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: August 10, 2015. NYSE:SDT and NYSESDR investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of investors who purchased or otherwise acquired common units of the Sandridge Mississippian Trust I (NYSE:SDT) pursuant or traceable to the Sandridge Mississippian Trust I's initial public offering on or about April 7, 2011, and/or at other times during the time period between April 7, 2011 and November 8, 2012, and/or investors who purchased or otherwise acquired common units of the SandRidge Mississippian Trust II (NYSE:SDR) pursuant or traceable to the Sandridge Mississippian Trust II's initial public offering on or about April 17, 201, and/or at other times between April 7, 2011 and November 8, 2012, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 7, 2011 and November 8, 2012 defendants made allegedly false and/or misleading statements and allegedly 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.

Those who purchased shares of Sandridge Mississippian Trust I (NYSE:SDT) and/or SandRidge Mississippian Trust II (NYSE:SDR) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com