ALTA MESA SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuits Against Alta Mesa Resources, Inc. f/k/a Silver Run Acquisition Corporation II - AMR
These actions are pending in the United States District Courts for the Southern District of New York and Southern District of Texas.
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors with losses
exceeding $100,000 that they have until April 1, 2019 to file
lead plaintiff applications in securities class action lawsuits against
Alta Mesa Resources, Inc. f/k/a Silver Run Acquisition Corporation II
(NasdaqCM: AMR), if they purchased its securities between March 24, 2017
and February 25, 2019, (the “Class Period”) or held Class A common stock
as of January 22, 2018. These actions are pending in the United States
District Courts for the Southern District of New York and Southern
District of Texas.
What You May Do
If you purchased Alta Mesa securities and would like to discuss how this
case might affect your right to recover for your economic loss, you may,
without obligation or cost to you, contact KSF Managing Partner Lewis
Kahn toll-free at 1-877-515-1850 or via email ([email protected]),
or visit https://www.ksfcounsel.com/cases/nasdaqcm-amr/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by April 1, 2019.
Alta Mesa and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On January 19, 2018, the Company issued a merger proxy statement
overstating the value of acquisition targets, Alta Mesa Holdings, LP and
Kingfisher Midstream LLC. On February 25, 2019, the Company disclosed
that its FY 2018 financial results were delayed due to a material
weakness in controls and 4Q2018 material, non-cash asset impairment
charges totaling $3.1B.
On this news, the price of Alta Mesa’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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