The Rosen Law Firm announces that it is investigating potential
securities claims against SandRidge Energy, Inc. (NYSE:SD) on behalf of
SandRidge Energy shareholders resulting from allegations that the
Company may have issued materially misleading business information to
the investing public.
On November 4, 2014, SandRidge announced that the U.S. Securities and
Exchange Commission has asked the Company to reassess its accounting for
penalties paid under an agreement with Occidental Petroleum Corp. As a
result, SandRidge Energy concluded that its consolidated financial
statements for the periods ended December 31, 2012 and 2013 and its
unaudited consolidated financial statements for the periods ended March
31, 2013, June 30, 2013, September 30, 2013, March 31, 2014, and June
30, 2014 should no longer be relied upon. On this news, shares of
SandRidge fell $0.25 per share or over 6 % to close at $3.56 per share
on November 4, 2014, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by SandRidge Energy shareholders as a result of this adverse
information. If you purchased SandRidge Energy stock on or before
November 4, 2014, please join the class action at http://rosenlegal.com/cases-424.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2014