An investigation for investors in San Juan Basin Royalty Trust (NYSE:SJT) shares over potential securities laws violations by San Juan Basin Royalty Trust was announced.
San Diego, CA -- (SBWIRE) -- 08/31/2021 -- San Juan Basin Royalty Trust is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of San Juan Basin Royalty Trust (NYSE: SJT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by San Juan Basin Royalty Trust regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Houston, TX based San Juan Basin Royalty Trust operates as an express trust in Texas.
On August 20, 2021, San Juan Basin Royalty Trust (NYSE: SJT) announced that "it will not declare a monthly cash distribution to the holders of its Units of beneficial interest" due to "excess production costs for the June 2021 production month." The Trust disclosed that "true-ups that occurred last month to the lease operating and capital cost categories for the January 2021 through April 2021 production months resulting in additional profits were made in error" and that "the June 2021 reporting month includes a reduction of $2,043,557.99 gross profits ($1,532,668.49 net to the Trust) due to corrections for those periods."
Those who purchased shares of San Juan Basin Royalty Trust (NYSE: SJT) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.