The Shareholders Foundation announced that an investor in shares of Sandridge Mississippian Trust I (NYSE:SDT) filed a lawsuit over alleged violations of Federal Securities Laws by Sandridge Mississippian Trust I in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Sandridge Mississippian Trust I (NYSE:SDT) and/or SandRidge Mississippian Trust II (NYSE:SDR) have certain options and for certain investors are short and strict deadlines running. Deadline: August 10, 2015. NYSE:SDT and NYSESDR investors should contact the Shareholders Foundation, Inc.at mail@shareholdersfoundation or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Sandridge Mississippian Trust I (NYSE:SDT) common shares between April 7, 2011 and November 8, 2012, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 7, 2011 and November 8, 2012 defendants made allegedly false and/or misleading statements and allegedly failed to disclose that: (1) the underlying properties from which the royalty interests were conveyed to SandRidge Mississippian Trust I 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 Trust I were vastly overstated.
Those who purchased shares of Sandridge Mississippian Trust I (NYSE:SDT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com