The Klein Law Firm announces that a class action complaint has been filed on behalf of investors (1) who purchased or otherwise acquired Silver Run Acquisition Corporation II securities between March 24, 2017 and February 25, 2019; and/or (2) who held Silver Run II Class A common stock as of the record date on January 22, 2018 and were entitled to vote with respect to Silver Run II’s acquisition of Alta Mesa Holdings, LP (“Alta Mesa”)and Kingfisher Midstream LLC.
The filed complaint alleges that the Company omitted and/or misrepresented: (1) that Alta Mesa and Kingfisher did not possess “superior quality” and “[w]orld [c]lass” assets as compared to other operators in the oil and gas industry; (2) that Alta Mesa faced significant operational setbacks; (3) that several major oil producers had steered assets away from production in the region in which Alta Mesa operates; and (4) Kingfisher and Alta Mesa were not on track to achieve the earnings and production estimates provided in the Proxy and Defendants had no reasonable basis to believe and did not believe that Kingfisher and Alta Mesa would achieve these estimates.
Investors have until April 1, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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