Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Western District of Oklahoma on behalf of SandRidge Mississippian Trust I (NYSE: SDT) shareholders who purchased shares pursuant to the Initial Public Offering on or about April 7, 2011 and/or between April 7, 2011 and November 8, 2012.
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.
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