TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

SandRidge Energy Inc (NYSE: SD) Investor Securities Class Action Lawsuit 11/11/2014

  • If you purchased shares of SandRidge Energy Inc (NYSE: SD), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
SandRidge Energy Inc.
Security
NYSE: SD

Case Name
SandRidge Energy Shareholder Class Action Lawsuit 11/11/2014
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Western District of Oklahoma

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to SandRidge Energy Inc..
Summary

July 29, 2015 - The court dismissed the case without prejudice to refiling.
April 3, 2015 - Lead plaintiff and lead counsel were appointed.

February 17, 2015 - Cases were consolidated.

January 12, 2015 - Lead plaintiff motions were filed.

November 10, 2014 - An investor in shares of SandRidge Energy Inc (NYSE: SD) filed a lawsuit in the U.S. District Court for the Western District of Oklahoma over alleged violations of Federal Securities Laws by SandRidge Energy Inc in connection with certain allegedly false and misleading statements made between February 28, 2013 and November 3, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of SandRidge Energy Inc (NYSE: SD) common shares between February 28, 2013 and November 3, 2014, that the defendants violated Federal Securities Laws.

SandRidge Energy Inc reported that its annual Total Revenue declined from over $2.73 billion in 2012 to over $1.98 billion in 2013 and that its Net Income of $141.57 million in 2012 turned into a Net Loss of $553.89 million in 2013.

On November 4, 2014, SandRidge Energy Inc announced that as a result of a routine review by the Securities and Exchange Commission (the SEC ) of its Annual Report on Form 10-K, the Company currently anticipates that its Quarterly Report on Form 10-Q for the third quarter of 2014 will not be filed timely, but, rather, will be completed and filed as soon as possible following the resolution of the SEC's review.

SandRidge Energy Inc said that the Audit Committee of the Board of Directors of SandRidge Energy Inc has concluded that the consolidated financial statements included in the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as applicable, filed for periods ended December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013,December 31, 2013, March 31, 2014, and June 30, 2014 cannot be relied upon until resolution of this matter.

On November 5, 2014, SandRidge Energy Inc announced operational results for the quarter ended September 30, 2014.

Shares of SandRidge Energy Inc (NYSE: SD) declined to as low as $3.30 per share on November 6, 2014.