Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Warren Resources, Inc. To Contact The Firm Before Lead Plaintiff Deadline
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Warren Resources, Inc. (“Warren Resources” or the “Company”) (OTC:WRESQ) of the October 11, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Warren Resources common stock between November 4, 2014 and June 2, 2016 (the “Class Period”). The case, Speiser v. Epstein et al., No. 1:16-cv-02037 was filed on August 11, 2016, and has been assigned to Judge Craig B. Shaffer.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by issuing false and misleading statements to hide the fact that lower energy prices were having a negative effect on Warren Resources. The Company represented that Warren Resources was “well positioned” to “ride out” and “successfully navigate” the “market fluctuations,” when, in fact, Warren was becoming increasingly insolvent. The Company eventually filed for Chapter 11 bankruptcy on June 2, 2016.
If you invested in Warren Resources common stock or options between November 4, 2014 and June 2, 2016 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Warren Resources’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.