Lead Plaintiff Deadline: November 02, 2020
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(a) Ultra’s proved reserves were materially overstated and, therefore, worth hundreds of millions of dollars less than represented; (b) Ultra’s proved undeveloped reserves were of de minimis value because they contained low quality deposits that lacked a commercially viable path to development; (c) Ultra was unable to meet the production and development estimates provided to investors and such estimates lacked a reasonable basis; (d) Ultra was unable to withstand even a modest downturn in the price of natural gas because, inter alia, Ultra’s business had less financial and production flexibility than claimed; and (e) Ultra did not have the technical or financial capabilities or available asset base to sustainably grow its oil and natural gas production by any meaningful amount.
In order to be included in the lawsuit, you must have incurred a loss on shares of Ultra purchased during the class period listed above.
If you suffered a loss in Ultra during the relevant time frame, you have until November 02, 2020 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.