NEW ORLEANS, July 24, 2015 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 10, 2015 to file lead plaintiff applications in a securities class action lawsuit on behalf of investors in SandRidge Mississippian Trust I ("Trust I") (NYSE: SDT) and SandRidge Mississippian Trust II ("Trust II") (NYSE: SDR) (collectively, the "Trusts") if they purchased: (i) Trust I pursuant or traceable to Trust I's initial public offering on or about April 7, 2011, and/or between April 7, 2011 and November 8, 2012, inclusive (the "Class Period"); and/or (ii) Trust II pursuant or traceable to Trust II's initial public offering on or about April 17, 2012, and/or during the Class Period. This action is pending in the Western District of Oklahoma United States District Court.
What You May Do
If you purchased shares of the Trusts and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 10, 2015.
About the Lawsuit
The Trusts and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include that: (i) the underlying properties from which the royalty interests were conveyed consisted of far more low-margin natural gas deposits and far fewer high-margin oil deposits; and (ii) the reserves of oil in the underlying properties were vastly overstated.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC