NEW YORK, July 15, 2015 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired shares of SandRidge Mississippian Trust I ("SandRidge Mississippian") (NYSE: SDT) pursuant to the Initial Public Offering on or about April 7, 2011 and/or between April 7, 2011 and November 8, 2012.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Western District of Oklahoma. If you purchased or otherwise acquired SandRidge Mississippian shares pursuant to the IPO and/or between April 7, 2011 and November 8, 2012, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that SandRidge Mississippian made false and/or misleading statements and failed to disclose that: (a) the underlying properties from which the royalty interests were conveyed to the Company consisted of far more low-margin natural gas deposits and far fewer high-margin oil deposits; and (b) the reserves of oil in the underlying properties associated with SandRidge Mississippian were vastly overstated.
If you suffered a loss in SandRidge Mississippian you have until August 10, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP