SandRidge Energy : SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against SandRidge Energy, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of January 12, 2015 -- SD
November 18, 2014 at 05:08 pm EST
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NEW YORK, NY--(Marketwired - Nov 18, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Oklahoma on behalf of investors who purchased SandRidge Energy, Inc. ("SandRidge" or the "Company") (NYSE: SD) securities between March 1, 2013 and November 4, 2014.
For more information, click here: http://zlk.9nl.com/sandridge-energy-sd.
On November 4, 2014, the Company disclosed that the Securities and Exchange Commission has asked SandRidge to reassess how it accounts for penalties paid under an agreement with Occidental Petroleum Corp. As a result of this reassessment, SandRidge determined that its consolidated financial statements included in the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed for periods ending December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013, March 31, 2014, and June 30, 2014 can no longer be relied upon.
If you suffered a loss in SandRidge you have until January 12, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sandridge-energy-sd.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition and production of oil and gas assets. The Companyâs primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Its primary operations are the production, development, and acquisition of hydrocarbon resources. The Company holds interests in about 1,453 gross (849 net) producing wells, approximately 958 of which it operates, and 548,895 gross (364,201 net) total acres under lease. Its productive wells consist of wells that are producing hydrocarbons. The Company sells its oil, natural gas, and natural gas liquids (NGLs) to a variety of customers, including oil and natural gas companies and trading and energy marketing companies. The Companyâs subsidiaries include SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.