Shareholder Alert: Girard Gibbs LLP Announces Securities Class Action Lawsuit Filed Against Jagged Peak Energy
To speak with a securities attorney regarding this class action lawsuit investigation, click here.
On January 27, 2017, Jagged Peak Energy conducted its initial public offering, selling $31,599,334 shares at a price of $15.00 per share. The offering raised approximately $474 million in gross proceeds for the company. Since then, shares of Jagged Peak Energy have dropped more than 15%, causing significant harm to investors.
The complaint alleges that Jagged Peak Energy failed to disclose in its offering documents the risks of its acreage, specifically that many of its wells were positioned in an area where extractability had not been tested and therefore there was significant risk that its wells would produce less than other wells in the Southern Delaware Basin.
If you purchased Jagged Peak Energy shares and would like to speak privately with a securities attorney to contribute to or learn more about the investigation, visit our website or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
ContactsGirard Gibbs LLP
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Eileen Epstein, 510-350-9728
[email protected]
OAKLAND, Calif.–(BUSINESS WIRE)–Girard Gibbs LLP is investigating potential claims on behalf of
investors in Jagged Peak Energy (NYSE:JAG) regarding allegations that
the company may have issued materially misleading statements regarding
its business prospects to the investing public at the time of the
company’s IPO. A class action lawsuit was recently filed alleging
violations of federal securities laws.
To speak with a securities attorney regarding this class action
lawsuit investigation, click
here.
On January 27, 2017, Jagged Peak Energy conducted its initial public
offering, selling $31,599,334 shares at a price of $15.00 per share. The
offering raised approximately $474 million in gross proceeds for the
company. Since then, shares of Jagged Peak Energy have dropped more than
15%, causing significant harm to investors.
The complaint alleges that Jagged Peak Energy failed to disclose in its
offering documents the risks of its acreage, specifically that many of
its wells were positioned in an area where extractability had not been
tested and therefore there was significant risk that its wells would
produce less than other wells in the Southern Delaware Basin.
If you purchased Jagged Peak Energy shares and would like to speak
privately with a securities attorney to contribute to or learn more
about the investigation, visit our website
or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing
individual and institutional investors in securities
litigation to correct abusive corporate governance practices,
breaches of fiduciary duty, and proxy violations. The firm has recovered
over a billion dollars for its clients against some of the world’s
largest corporations, and has earned Tier-1 rankings and been named in
the U.S.
Lawyers – Best Law Firms list for five consecutive years.
Contacts
Girard Gibbs LLP
Eileen Epstein, 510-350-9728
[email protected]
