A lawsuit was filed on behalf of investors in SandRidge Energy Inc. (NYSE:SD) shares over alleged securities laws violations. Deadline: January 12, 2015. NYSE:SD investors should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 11/12/2014 -- An investor, who purchased shares of SandRidge Energy Inc. (NYSE:SD), filed a lawsuit in the U.S. District Court for the Western District of Oklahoma over alleged violations of Federal Securities Laws by SandRidge Energy Inc. in connection with certain allegedly false and misleading statements made between March 1, 2013 and November 4, 2014.
If you purchased shares of SandRidge Energy Inc. (NYSE:SD), you have certain options and for certain investors are short and strict deadlines running. Deadline: January 12, 2015. NYSE:SD investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of SandRidge Energy Inc. (NYSE:SD) common shares between March 1, 2013 and November 4, 2014, that the defendants violated Federal Securities Laws.
SandRidge Energy Inc. reported that its annual Total Revenue declined from over $2.73 billion in 2012 to over $1.98 billion in 2013 and that its Net Income of $141.57 million in 2012 turned into a Net Loss of $553.89 million in 2013. Shares of SandRidge Energy Inc. (NYSE:SD) declined from as high as $12.96 per share in April 2011 to as low as
On November 4, 2014, SandRidge Energy Inc. announced that as a result of a routine review by the Securities and Exchange Commission (the "SEC") of its Annual Report on Form 10-K, the Company currently anticipates that its Quarterly Report on Form 10-Q for the third quarter of 2014 will not be filed timely, but, rather, will be completed and filed as soon as possible following the resolution of the SEC's review.
SandRidge Energy Inc said that the Audit Committee of the Board of Directors of the Company has concluded that the consolidated financial statements included in the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as applicable, filed for periods ended December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013,December 31, 2013, March 31, 2014, and June 30, 2014 cannot be relied upon until resolution of this matter.
On November 5, 2014, SandRidge Energy Inc announced operational results for the quarter endedSeptember 30, 2014.
Shares of SandRidge Energy Inc. (NYSE:SD) declined to as low as $3.30 per share on November 6, 2014.
On November 10, 2014, NYSE:SD shares closed at $3.69 per share.
Those who purchased shares of SandRidge Energy Inc. (NYSE:SD) have certain options and should contact the Shareholders Foundation.
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