Goldberg
Law PC announces that a class action lawsuit has been filed in the
United States District Court for the Western District of Oklahoma,
against SandRidge Mississippian Trust I (“Trust I”) (NYSE: SDT),
for alleged violations of the federal securities laws. Investors who
purchased or otherwise acquired shares between April 7, 2011 and
November 8, 2012, inclusive (the “Class Period”), have until August 10,
2015 to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we
advise you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey,
CA 90292, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
SandRidge Mississippian Trust I is a statutory trust that holds Royalty
Interests in oil and gas properties located in the Mississippian
formation counties of Oklahoma. According to the complaint, defendants
made false and/or misleading statements and failed to disclose that: (1)
the underlying properties from which the royalty interests were conveyed
to 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.
When the truth was revealed, the units of Trust I fell by 7.4%, more
than 42% below the Class Period high.
If you have any questions concerning your legal rights in this case,
please immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com,
or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150623006484/en/
Copyright Business Wire 2015