INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Either SandR...

NEW YORK, July 7, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in SandRidge Mississippian Trust I ("Trust  I" or the "Company A") (NYSE: SDT) and/or SandRidge Mississippian Trust II ("Trust  I" or the "Company B") (NYSE: SDR) of the August 10, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against both Companies and certain officers. A complaint has been filed in U.S. District Court for the Western District of Oklahoma.

According to the lawsuit, defendants made false and/or misleading statements and failed to disclose that (1) the underlying properties from which the royalty interests were conveyed to both Companies 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 both Trust I and Trust II were vastly overstated.

When the true details entered the market, the units of Trust I declined from $18.95 per unit on November 8 to close at $17.54 per unit on November 9 (a 7.4% decline and a 42.5% decline from the Class Period high of $30.46 per share reached on February 9, 2012).

Meanwhile, the units of Trust II declined from $19.36 per unit on November 8 to close at $17.70 per unit on November 9 (a decline of more than 8.5% and a 13.6% decline from the Class Period high of $20.48 per share reached on April 27, 2012). 

Request more information now by clicking here:  www.faruqilaw.com/SDR. There is no cost or obligation to you.

Take Action

If you invested in Trust I stock or options between April 7, 2011 and November 8, 2012, and/or if you invested in Trust II stock or options between April 17, 2012 and November 8, 2012, and would like to discuss your legal rights, visit www.faruqilaw.com/SDR.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [e-mail].  Faruqi & Faruqi, LLP also encourages anyone with information regarding the Trusts' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
[e-mail]
Telephone: [phone] or [phone]

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investor-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-in-excess-of-100000-investing-in-either-sandridge-mississippian-trust-i-or-sandridge-mississippian-trust-ii-to-contact-the-firm-ahead-of-deadline-300109724.html

SOURCE Faruqi & Faruqi, LLP

Copyright 2015 PR Newswire