The delay by SandRidge Energy in reporting its third quarter earnings report for 2014, one the firm says was caused by a routine Securities and Exchange Commission review has prompted a Los Angeles law firm to announce it is investigating potential claims on behalf of investors of SandRidge Energy.
The announcement was made by Glancy Binkow and Goldberg, LLP which said it was probing certain statements issued by SandRidge concerning the company’s operations and financial performance.
As Glancy Binkow and Goldberg indicated, the delay of the quarterly report was attributed to a review by the SEC and that SandRidge anticipated its quarterly report would not be completed and filed until the matter was resolved.
The firm also was soliciting comments and contact from shareholders regarding their rights or interests. But it’s not the first time the California based law firm was seeking clients to represent in legal action against corporations. It recently reminded investors of Lumber Liquidators that they had a deadline to file a motion in a shareholder lawsuit filed in the U.S. District Court for the Eastern District of Virginia.
Even as the law firm raised questions about SandRidge Energy’s delay, it was seeking clients to represent in a class action lawsuit filed against Bankrate, Inc., reminding them if they wished to serve as a lead plaintiff in the class action they had until mid-November to do so.
On election day, Glancy Binkow and Goldberg LLP announced a class action lawsuit had been filed in the U.S. District Court of the Southern District of New York for purchases of the securities of Tesco PLC. The lawsuit claimed Tesco made false and misleading statements about its profits.
