NEW YORK, July 7, 2015 /PRNewswire/ -- Faruqi & Faruqi,
LLP, a leading national securities law firm, reminds investors in
SandRidge Mississippian Trust I ("Trust I" or the "Company
A") (NYSE: SDT) and/or SandRidge Mississippian Trust II
("Trust I" or the "Company B") (NYSE: SDR) of the
August 10, 2015 deadline to seek the
role of lead plaintiff in a federal securities class action lawsuit
filed against both Companies and certain officers. A complaint has
been filed in U.S. District Court for the Western District of
Oklahoma.
According to the lawsuit, defendants made false and/or
misleading statements and failed to disclose that (1) the
underlying properties from which the royalty interests were
conveyed to both Companies 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 both
Trust I and Trust II were vastly overstated.
When the true details entered the market, the units of Trust I
declined from $18.95 per unit on
November 8 to close at $17.54 per unit on November 9 (a 7.4% decline and a 42.5% decline
from the Class Period high of $30.46
per share reached on February 9,
2012).
Meanwhile, the units of Trust II declined from $19.36 per unit on November 8 to close at $17.70 per unit on November 9 (a decline of more than 8.5% and a
13.6% decline from the Class Period high of $20.48 per share reached on April 27, 2012).
Request more information now by clicking here:
www.faruqilaw.com/SDR. There is no cost or obligation to
you.
Take Action
If you invested in Trust I stock or options between April 7, 2011 and November
8, 2012, and/or if you invested in Trust II stock or options
between April 17, 2012 and
November 8, 2012, and would like to
discuss your legal rights, visit www.faruqilaw.com/SDR. You
can also contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding the
Trusts' conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP