On or around 05/22/2017 (Notice of voluntarily dismissal)
Filing Date: August 11, 2016
According to the law firm press release, the lawsuit alleges that certain of Warren's executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act by making materially misleading misrepresentations and omissions that Warren was "well positioned" to "ride out" and "successfully navigate" the "market fluctuations," when, in fact, Warren was becoming increasingly insolvent. Warren filed for Chapter 11 bankruptcy on June 2, 2016.
On April 6, 2017, the Court issued an Order appointing Lead Plaintiffs and Lead Counsel. This case was voluntarily dismissed on May 22.
Company & Securities Information
Defendant: Warren Resources, Inc.
Industry: Oil & Gas - Integrated
Headquarters: United States
Ticker Symbol: WRES
Company Market: NASDAQ
Market Status: Public (Delisted)
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.
First Identified Complaint
David Speiser, et al. v. Philip A. Epstein, et al.