NEW ORLEANS, July 24, 2015 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until August 10, 2015 to
file lead plaintiff applications in a securities class action
lawsuit on behalf of investors in SandRidge Mississippian Trust I
("Trust I") (NYSE: SDT) and SandRidge Mississippian Trust II
("Trust II") (NYSE: SDR) (collectively, the "Trusts") if they
purchased: (i) Trust I pursuant or traceable to Trust I's initial
public offering on or about April 7,
2011, and/or between April 7,
2011 and November 8, 2012,
inclusive (the "Class Period"); and/or (ii) Trust II pursuant or
traceable to Trust II's initial public offering on or about
April 17, 2012, and/or during the
Class Period. This action is pending in the Western District of
Oklahoma United States District Court.
What You May Do
If you purchased shares of the Trusts and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by August 10,
2015.
About the Lawsuit
The Trusts and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
The alleged false and misleading statements and omissions
include that: (i) the underlying properties from which the royalty
interests were conveyed consisted of far more low-margin natural
gas deposits and far fewer high-margin oil deposits; and (ii) the
reserves of oil in the underlying properties were vastly
overstated.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C.
Foti, Jr., and other lawyers with significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC
