Glancy
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of SandRidge
Energy, Inc. (“SandRidge” or the “Company”) (NYSE:SD) concerning
possible violations of federal securities laws. The investigation
focuses on certain statements issued by SandRidge concerning the
Company’s operations and financial performance.
Please contact Casey
Sadler at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email, please include your
mailing address, telephone number and number of shares purchased.
SandRidge, together with its subsidiaries, is engaged in the exploration
and production of oil and natural gas properties primarily in the
Mid-Continent region of the United States. The investigation is related
to the Company’s November 4, 2014, announcement that the Company
currently anticipates that its quarterly report on Form 10-Q for third
quarter 2014 will not be filed timely. The Company attributed the delay
to a review by the Securities and Exchange Commission, and currently
anticipates that its quarterly report will be not completed and filed
until resolution of the SEC’s review.
In addition, SandRidge disclosed that the Audit Committee of the Board
of Directors of the Company has concluded that the consolidated
financial statements included in its annual reports on Form 10-K and
certain quarterly reports filed for periods ended December 31, 2012,
March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013,
March 31, 2014 and June 30, 2014, cannot be relied upon. According to
the Company, the Division of Corporation Finance of the SEC recently
requested that the Company reassess how it accrues liability for certain
annual penalty fees related to the Company’s 30-year agreement with
Occidental Petroleum Corporation for the delivery of CO2 to
Occidental and the removal of CO2 from the Company’s
delivered natural gas production.
If you purchased SandRidge shares, if you have information or would like
to learn
more about these potential claims and have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Casey
Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, by toll-free telephone
at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2014