Recent Security Class Actions

SandRidge Mississippian Trust I (NYSE: SDT)

Company Name:SandRidge Mississippian Trust I
Stock Symbol:NYSE: SDT
Class Period Start:04/07/2011
Class Period End (inclusive):11/08/2012
Filing Deadline:08/08/2015

According to the law firm press release, the lawsuit alleges defendants made false and/or misleading statements and failed to disclose that: (1) the underlying properties from which the royalty interests were conveyed to SandRidge Mississippian Trust I consisted of far more low-margin natural gas deposits and far fewer high-margin oil deposits, and (2) the reserves of oil in the underlying properties associated with Trust I were vastly overstated. When the true details entered the market, the lawsuit claims that investors suffered damages.