An investigation for investors in SandRidge Energy, Inc. (NYSE:SD) shares over potential securities laws violations by SandRidge Energy, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/05/2017 -- SandRidge Energy, Inc is under investigation over possible violations of securities laws. The investigation was announced for investors in NYSE:SD shares over potential securities laws violations by SandRidge Energy, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of SandRidge Energy, Inc. (NYSE:SD) between October 2016 and November 15, 2017, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by SandRidge Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
In 2016 SandRidge Energy Inc. Went through Chapter 11 bankruptcy reorganization and emerged from bankruptcy in September 2016. Shares of SandRidge Energy, Inc. (NYSE:SD) reached $24.97 per share in October 2016.
On November 15, 2017, SandRidge Energy (NYSE: SD) and Bonanza Creek Energy (NYSE: BCEI) jointly announced that the two companies have entered into a merger agreement under which SandRidge will acquire all of the outstanding shares of common stock of Bonanza Creek in a cash-and-stock transaction valued at $36.00 per share. On November 27, 2017, SandRidge Energy, Inc. announced that its Board of Directors has adopted a short-term shareholder rights plan.
Those who purchased shares of SandRidge Energy, Inc. (NYSE:SD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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