News By Tag
News By Place
SandRidge Energy Inc. Investor files Lawsuit against Directors
A lawsuit was filed by a current investor in shares of SandRidge Energy Inc. and other current long term NYSE-SD stockholders should contact the Shareholders Foundation at email@example.com
Investors who are current long term investors in SandRidge Energy Inc. shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554
The lawsuit against the board of directors over alleged breaches of fiduciary duties follows a recently filed lawsuit against SandRidge Energy Inc. over alleged Securities Laws Violations. According to that complaint the plaintiff alleges that SandRidge Energy Inc. violated the Securities Exchange Act of 1934 by issuing between February 24, 2011 and November 8, 2012 allegedly materially false and misleading statements regarding the Company’s operational status and financial projections.
On November 8, 2012, a large shareholder of SandRidge Energy Inc. issued a letter addressed to the SandRidge Board of Directors calling for the CEO’s resignation, citing, among other things, SandRidge's "disastrous performance"
NYSE-SD shares declined to as low as $5.19 per share on November 14, 2012.
On January 15, 2013, NYSE-SD shares closed at $6.73 per share.
Those who purchased shares of SandRidge Energy Inc. have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554