Camber Energy, Inc. Class Action Lawsuit - CEI

Company
Camber Energy, Inc. (NYSE: CEI)
Lead Plaintiff Deadline
December 28, 2021 (Expired)
Class Period
February 18, 2021 - October 4, 2021

Expired

Lead Plaintiff Deadline

Dec 28, 2021

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Allegations

(i) Camber overstated the financial and business prospects of Viking as well as the combined company post merger; (ii) Camber failed to apprise investors of, and/or downplayed, the fact that its acquisition of a controlling interest in Viking would exacerbate the Company’s delinquent financial statements and listing obligations with the NYSE; (iii) an institutional investor was diluting Camber’s shares at a significant rate following the Company’s July 12, 2021 update regarding the number of its shares of common stock issued and outstanding; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the CEI class action lawsuit, you must have incurred a loss on shares of Camber purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Camber during the relevant time frame or pursuant to the relevant offering(s), you have until December 28, 2021 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.

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