Case Page

 

Case Status:    ONGOING    
On or around 12/06/2016 (Ongoing date of last review)

Filing Date: June 09, 2015

According to the law firm press release, the lawsuit alleges defendants made false and/or misleading statements and failed to disclose that: (1) the underlying properties from which the royalty interests were conveyed to SandRidge Mississippian 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 true details entered the market, the lawsuit claims that investors suffered damages.

This action was administratively terminated on May 20, 2016, due to the bankruptcy filing of the issuer Defendant.

On October 27, 2016, this case was reopened and an amended complaint was filed on November 11.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas - Integrated
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SDT
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Oklahoma
DOCKET #: 15-CV-00634
JUDGE: Hon. Vicki Miles-LaGrange
DATE FILED: 06/09/2015
CLASS PERIOD START: 04/07/2011
CLASS PERIOD END: 11/08/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
  2. Wohl & Fruchter LLP
    570 Lexington Avenue, 16th Floor, Wohl & Fruchter LLP, NY 10022
    212.758.4000 212.758.4000 ·
No Document Title Filing Date
COURT: W.D. Oklahoma
DOCKET #: 15-CV-00634
JUDGE: Hon. Vicki Miles-LaGrange
DATE FILED: 11/11/2016
CLASS PERIOD START: 04/07/2011
CLASS PERIOD END: 11/08/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Farha Law PLLC
    1900 NW Expressway , Farha Law PLLC , OK 73118
    405-471-2224 405-810-9901 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
  3. Wohl & Fruchter LLP
    570 Lexington Avenue, 16th Floor, Wohl & Fruchter LLP, NY 10022
    212.758.4000 212.758.4000 ·
No Document Title Filing Date