Ridge Natural Resources, LLC : Oil and Gas Royalty Lease Securities Litigation
On or around 04/24/2019 (Ongoing date of last review)
Filing Date: August 03, 2018
According to the Complaint, this lawsuit involves a “Royalty-Lease” scam, in which three individuals allegedly set up shell companies disguised as legitimate drilling companies and fraudulently convinced a large group of royalty interest owners to purportedly convey a significant percentage of their royalty interests to these shell companies, under the guise of leasing their mineral interests.
Defendants filed a Motion to Dismiss the Complaint on October 31, 2018. On November 19, Plaintiffs filed an amended Complaint.
Company & Securities Information
Defendant: Ridge Natural Resources, LLC
Industry: Oil & Gas - Integrated
Headquarters: United States
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
Danna Sue Bridges, et al. v. Ridge Natural Resources, LLC, et al.