A lawsuit was filed on behalf of investors in Alta Mesa Resources, Inc. (NASDAQ: AMR) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 02/14/2019 -- An investor, who purchased shares of Alta Mesa Resources, Inc. (NASDAQ: AMR), filed a lawsuit over alleged Securities Laws violations by Alta Mesa Resources, Inc. f/k/a Silver Run Acquisition Corporation II.
Investors who held shares of Alta Mesa Resources, Inc. (NASDAQ: AMR) f/k/a Silver Run Acquisition Corporation II Class A common stock as of January 22, 2018, have certain options and for certain investors are short and strict deadlines running. Deadline: April 1, 2019. NASDAQ: AMR investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that in early 2018, Silver Run Acquisition Corporation II issued a materially false and misleading Definitive Merger Proxy Statement on Schedule M14A (the "Proxy") that recommended shareholders vote in favor of the Acquisition in contravention of §§14(a) and 20(a) of the Exchange Act and SEC Rule 14a-9 and that as a result of the false and misleading Proxy, Silver Run II shareholders were prevented from making an informed decision on whether or not to redeem their shares and voted in favor of the Acquisition on February 6, 2018.
The plaintiff claims that the redeemable Class A common shares were valued at approximately $10 per share at the time of the Acquisition and that subsequent to and due to the approval of the Acquisition, the value of Silver Run II Class A common shares has significantly declined.
Those who purchased shares of Alta Mesa Resources, Inc. (NASDAQ: AMR) have certain options and should contact the Shareholders Foundation.
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