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:
http://zlk.9nl.com/sandridge-mississippian-sdt
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com 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.
CONTACT:
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
www.zlk.com
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SOURCE Levi & Korsinsky, LLP