Securities Class Action Lawsuit Filed Against SandRidge Energy Inc.;
Shareholders With Large Losses Encouraged to Contact Holzer Holzer &
Fistel, LLC Regarding Upcoming Lead Plaintiff Deadline
ATLANTA, GA -- (Marketwire) -- 12/10/12 -- A class action lawsuit
has been filed on behalf of investors who purchased common stock of
SandRidge Energy Inc. ("SandRidge" or the "Company") (NYSE: SD)
between February 24, 2011 and November 8, 2012. The lawsuit, which
was filed in the United States District Court for the Western
District of Oklahoma, alleges that SandRidge issued false and
misleading statements that caused its stock to trade at artificially
inflated prices. Specifically, the complaint alleges, among other
things, that SandRidge misrepresented the proportions of low-margin
natural gas and high-margin oil contained in its Mississippian
formation and, according to the complaint, the Company failed to
adequately disclose mechanical issues with a rig that negatively
impacted its operations.
If you purchased SandRidge common stock between February 24, 2011 and
November 8, 2012, and suffered a net loss on those purchases you have
the legal right to petition the Court to be appointed a "lead
plaintiff." A lead plaintiff is a representative party that acts on
behalf of other class members in directing the litigation. Any such
request must satisfy certain criteria and be made no later than
February 3, 2013. Any member of the purported class may move the
Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member.
Investors who are interested in serving as lead plaintiff or who have
questions concerning their legal rights may contact Michael I.
Fistel, Jr., Esq. (firstname.lastname@example.org) or Marshall P. Dees, Esq.
(email@example.com) by email or via toll-free telephone at (888)
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous
representation of shareholders and investors in litigation
nationwide, including shareholder class action and derivative
litigation. More information about the firm is available through its
website, www.holzerlaw.com and upon request from the firm. Holzer
Holzer & Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the attorney
responsible for its content.
Michael I. Fistel, Jr., Esq.
Marshall P. Dees, Esq.
Holzer Holzer & Fistel, LLC
200 Ashford Center North, Suite 300
(888) 508-6832 (toll-free)
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