SandRidge Sued Over Alleged False Statements

Law360, Los Angeles (December 7, 2012, 3:21 PM EST) -- SandRidge Energy Inc. and its top executives were hit with a putative shareholder class action in Oklahoma federal court Thursday, alleging they committed securities fraud by falsely overstating the value of their oil-producing assets and inflating the company's stock price.

During the proposed class period of Feb. 24, 2011, to Nov. 8, 2012, Ward made a series of “bullish” statements concerning the company’s prospects concerning its transition from natural gas production, including an April 2012 news interview in which he promised to double the Oklahoma City-based...
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Case Title

Glitz et al v. Sandridge Energy Inc et al


Case Number

5:12-cv-01341

Court

Oklahoma Western

Nature of Suit

Securities/Commodities

Judge

Lee R. West

Date Filed

December 5, 2012

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