NEW YORK, Dec. 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.
To join the SandRidge class action, go to the website at http://rosenlegal.com/cases-424.html or call Phillip Kim, Esq. or Laurence Rosen, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or lrosen@rosenlegal.com for information on the class action. The suit is pending in U.S. District Court for the Western District of Oklahoma.
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 it 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 by investors. When this adverse information was revealed, the price of SandRidge Energy securities dropped, damaging investors.
If you wish to join the litigation and recover your losses 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 Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or lrosen@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.