Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until August 10, 2015 to file lead plaintiff applications in
a securities class action lawsuit on behalf of investors in SandRidge
Mississippian Trust I (“Trust I”) (NYSE: SDT) and SandRidge
Mississippian Trust II (“Trust II”) (NYSE: SDR) (collectively, the
“Trusts”) if they purchased: (i) Trust I pursuant or traceable to Trust
I's initial public offering on or about April 7, 2011, and/or between
April 7, 2011 and November 8, 2012, inclusive (the “Class Period”);
and/or (ii) Trust II pursuant or traceable to Trust II's initial public
offering on or about April 17, 2012, and/or during the Class Period.
This action is pending in the United States District Court for the
Western District of Oklahoma.
What You May Do
If you purchased shares of the Trusts and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by August 10, 2015.
About the Lawsuit
The Trusts and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
The alleged false and misleading statements and omissions include that:
(i) the underlying properties from which the royalty interests were
conveyed consisted of far more low-margin natural gas deposits and far
fewer high-margin oil deposits; and (b) the reserves of oil in the
underlying properties were vastly overstated.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit www.ksfcounsel.com.
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