NEW YORK, June 11, 2015 /PRNewswire-USNewswire/
-- Robbins Geller Rudman & Dowd LLP ("Robbins Geller"),
court-appointed lead counsel for plaintiffs in a class action
brought on behalf of purchasers of SandRidge Energy, Inc.
("SandRidge") securities, announces that a class action lawsuit has
been filed on behalf of investors in the SandRidge Mississippian
Trust I ("Trust I") (NYSE:SDT) and SandRidge Mississippian Trust II
("Trust II") (NYSE:SDR) (collectively, the "Trusts").
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please
contact Samuel H. Rudman or David A.
Rosenfeld of Robbins Geller at 800/449-4900 or 619/231-1058,
or via e-mail at djr@rgrdlaw.com.
The complaint, which was filed in the U.S. District Court for
the Western District of Oklahoma,
charges that defendants made false and/or misleading statements and
failed to disclose that: (1) the underlying properties from which
royalty interests were conveyed to the Trusts consisted of far more
low-margin natural gas deposits and far fewer high-margin oil
deposits; and (2) the reserves of oil in the underlying properties
associated with the Trusts were vastly overstated. When the true
details entered the market, the lawsuit claims that investors
suffered damages.
Plaintiffs seek to recover damages on behalf of those who
purchased or otherwise acquired common units of: (i) Trust I
pursuant or traceable to Trust I's initial public offering on or
about April 7, 2011, and/or at other
times during the time period between April
7, 2011 and November 8, 2012,
both dates 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 at other
times during the Class Period.
Robbins Geller has extensive experience in prosecuting investor
class actions and has developed intimate knowledge of the
allegations against the Trusts in connection with serving as lead
plaintiff in a securities class action against SandRidge.
Robbins Geller, with 200 lawyers in ten offices, represents U.S.
and international institutional investors in contingency-based
securities and corporate litigation. The firm has obtained
many of the largest securities class action recoveries in history
and was ranked number one in the number of shareholder class action
recoveries in ISS's SCAS Top 50 report for 2014.
Please visit http://www.rgrdlaw.com for more information.
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SOURCE Robbins Geller Rudman & Dowd LLP