NEW YORK, Sept. 9, 2016 /PRNewswire/ -- The law firm Gardy & Notis, LLP filed the first and only class action lawsuit in federal court in Denver, Colorado, on behalf of stockholders who purchased common stock of Warren Resources, Inc. (NASDAQ: WRES, OTC: WRESQ) between a November 4, 2014 to June 2, 2016 class period. This class action filed by Gardy & Notis, LLP is the only class action that has been filed on behalf of Warren stockholders.
Stockholders who have purchased Warren Resources, Inc. common stock and incurred losses, are urged to immediately contact James Notis or Jennifer Sarnelli at Gardy & Notis, LLP, 126 East 56th Street, 8th Floor, New York, NY 10022, email: email@example.com or firstname.lastname@example.org, Telephone: 212-905-0509, Fax: 212-905-0508. If you have purchased shares of Warren Resources, Inc. and suffered a loss, you may request that the Court appoint you lead plaintiff of the proposed class no later than October 11, 2016.
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.
Plaintiff seeks to recover money damages on behalf of all purchasers of Warren common stock during the November 4, 2014 to June 2, 2016 class period. The plaintiff is represented by Gardy & Notis, LLP, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Gardy & Notis, LLP has investigated the facts of this action, and is the only firm that has actually filed a complaint on behalf of Warren stockholders.
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SOURCE Gardy & Notis, LLP