NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Warren Resources, Inc. ("Warren Resources" or the "Company") (OTC:WRESQ) of the October 11, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Warren Resources common stock between November 4, 2014 and June 2, 2016 (the "Class Period"). The case, Speiser v. Epstein et al., No. 1:16-cv-02037 was filed on August 11, 2016, and has been assigned to Judge Craig B. Shaffer.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by issuing false and misleading statements to hide the fact that lower energy prices were having a negative effect on Warren Resources. The Company represented that Warren Resources was "well positioned" to "ride out" and "successfully navigate" the "market fluctuations," when, in fact, Warren was becoming increasingly insolvent. The Company eventually filed for Chapter 11 bankruptcy on June 2, 2016.
Request more information now by clicking here: www.faruqilaw.com/WRESQ . There is no cost or obligation to you.
If you invested in Warren Resources common stock or options between November 4, 2014 and June 2, 2016 and would like to discuss your legal rights, visit www.faruqilaw.com/WRESQ. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Warren Resources' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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